CALGARY,
AB, Jan. 9, 2024 /CNW/ - Jeff Chisholm,
the President & Chief Executive Officer and a director of
CanAsia Energy Corp. ("CanAsia") (TSXV: CEC), announces that
he acquired 10,000,000 CanAsia common shares on December 21, 2023. CanAsia issued 50,420,000
shares pursuant to a private placement, which resulted in
100,213,907 issued and outstanding shares. The issue price of each
share was CAD $0.10. The aggregate
consideration paid by Mr. Chisholm was CAD $1,000,000.
The CanAsia common shares acquired by Mr. Chisholm increased his
ownership from 1,795,000 (3.6%) of 49,793,907 CanAsia shares to
11,795,000 (11.8%) of 100,213,907 CanAsia shares.
The CanAsia common shares were acquired by Mr. Chisholm in the
ordinary course of business for investment purposes only and not
for the purpose of exercising control or direction over
CanAsia.
Mr. Chisholm will file an early warning report under Canadian
Securities Administrators National Instrument 62-103 – The Early
Warning System and Related Take-Over Bid and Insider Reporting
Issues, describing the above transaction. The report will be
available under CanAsia's profile at www.sedarplus.ca. In addition,
a copy of the report may be obtained from Marcel Nunes, CanAsia's Vice President Finance
and CFO, at marcel@canasiacorp.com and +1 (403)
294-1770.
SOURCE Jeff Chisholm