CALGARY,
AB, June 14, 2024 /CNW/ - CanAsia Energy Corp.
("CanAsia") (TSXV: CEC) announced today that Richard Alexander, Jeff
Chisholm, Gerald Macey, and
Cameron Taylor were re-elected as
directors of CanAsia and Chris
Newton was elected as a new director of CanAsia at the
annual meeting of shareholders held on June
14, 2024.
CanAsia also announced today that it granted options to newly
elected director Chris Newton to
purchase an aggregate of 700,000 common shares under CanAsia's
equity incentive plan. Each option has an exercise price of
$0.13 (being the June 14, 2024 closing price of the shares on the
TSX Venture Exchange), vests as to one-third on the grant date and
one-third on each of the first and second anniversaries of the
grant date and expires on June 14,
2029. Options to purchase 9,775,000 common shares are now
outstanding, equal to 8.7% of CanAsia's 112,793,907 outstanding
common shares, at a weighted average exercise price of $0.151.
CanAsia is a Calgary,
Alberta based oil and gas company with operations in
Western Canada.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE CanAsia Energy Corp.