CanAsia Energy Announces Upsize of Brokered Financing to $6.3 Million

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Last update: Dec 13, 2023

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CALGARY, Alberta, Dec. 13, 2023 (GLOBE NEWSWIRE) --

CanAsia Energy Corp. (“CanAsia” or the “Company”) (CEC – TSXV) is pleased to announce that, in connection with its previously announced brokered private placement offering on December 4, 2023 (“Offering”), the Company has upsized the Offering from CAD $4.0 million to up to CAD $6.3 million in common shares of the Company (“Shares”) at an issue price of CAD $0.10 per Share. The Offering is being led by Research Capital Corporation as the sole agent and sole bookrunner (the “Agent”) on a “best-efforts” basis. As a result of the upsized Offering, the previously announced Agent’s Option to increase the size of the Offering by up CAD $0.6 million no longer applies.