CNA

CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE:CNA) is pleased
to announce that it has completed its previously announced non-brokered private
placement for 400,000 units ("Units") of the Company at a price of $0.11 per
Unit for gross proceeds of $44,000 (the "Offering"). Each Unit consists of one
(1) common share ("Common Share") of CanAsia and one-half (1/2) of a share
purchase warrant ("Warrant") of CanAsia. Each whole Warrant entitles the holder
thereof to purchase one Common Share for $0.20 per share expiring 24 months from
the date of the closing of the Offering.


No commissions were paid in connection with the Offering. The proceeds of the
Offering will be used for general working capital purposes. Completion of the
Offering is subject to regulatory approval including, but not limited to, the
approval of the TSX Venture Exchange. The securities issued are subject to a
four month hold period from the date of the closing of the Offering.


About CanAsia

CanAsia is an Alberta registered company listed on the TSXV. It is engaged in
the business of original design, manufacture and distribution of Hyundai brand
mobile phones for the Philippines and in the manufacture of optical modules
(cameras) to leading mobile phone and computer makers in China. CanAsia has
offices in Canada, Hong Kong, Shenzhen China and the Philippines.
(www.canasiafinancial.com)


Advisory

This news release may contain certain forward-looking information and
statements, including without limitation, statements pertaining to the closing
of the offering including the Company's ability to obtain necessary approvals
from the TSX Venture Exchange. Statements containing the words: 'believes',
'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of
similar meaning are forward-looking. All statements included herein involve
various risks and uncertainties because they relate to future events and
circumstances beyond the Company's control. There can be no assurance that such
information will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such information. A
description of assumptions used to develop such forward-looking information and
a description of risk factors that may cause actual results to differ materially
from forward-looking information can be found in CanAsia's disclosure documents
on the SEDAR website at www.sedar.com. Any forward-looking statements are made
as of the date of this press release and CanAsia does not undertake to update
any forward-looking information except in accordance with applicable securities
laws.

CanAsia Financial Inc. (TSXV:CNA)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

CanAsia Financial Inc. (TSXV:CNA)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024