SINGAPORE, Jan. 16,
2024 /CNW/ - Risco Energy Investments (SEA) Limited
("Risco") announces that it acquired 10,000,000 common
shares of CanAsia Energy Corp. ("CanAsia") (TSXV: CEC) on
January 16, 2024, in addition to
10,000,000 CanAsia common shares that Risco acquired on
December 21, 2023. CanAsia issued an
aggregate of 63,000,000 shares on those dates pursuant to a private
placement, which resulted in 112,793,907 issued and outstanding
shares. The issue price of each share was CAD $0.10. The aggregate consideration paid by Risco
was CAD $1,000,000 on December 21, 2023 and CAD $1,000,000 on
January 16, 2024.
The 10,000,000 CanAsia common shares acquired by Risco on
January 16, 2024 increased its
ownership from 10,000,000 (9.98%) of 100,213,907 common shares to
20,000,000 (17.7%) of 112,793,907 common shares.
The CanAsia common shares were acquired by Risco in the ordinary
course of business for investment purposes only and not for the
purpose of exercising control or direction over CanAsia.
Risco 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 Damien Servant of Risco, at
damien.servant@riscoenergy.com and
+6564286252.
SOURCE CanAsia Energy Corp.
