CanAsia Energy Announces Closing of Second and Final Tranche of Its Previously Announced Brokered Financing for Total of $6,300,000

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CALGARY, Alberta, Jan. 16, 2024 (GLOBE NEWSWIRE) — CanAsia Energy Corp. (“CanAsia” or the “Company”) (CEC – TSXV) is pleased to announce the closing of the second tranche (“Second Tranche”) of its brokered private placement offering previously announced on December 4, 13 and 21, 2023 (“Offering”). 12,580,000 common shares of the Company (“Shares”) were issued today at an issue price of CAD $0.10 per Share for additional aggregate gross proceeds of CAD $1,258,000. The Offering was fully subscribed; 63,000,000 Shares were issued in two tranches to raise aggregate gross proceeds of CAD $6,300,000. The Offering was led by Research Capital Corporation as the sole agent and sole bookrunner (the “Agent”).