CALGARY,
AB, Nov. 22, 2022 /CNW/ - CanAsia Energy
Corp. ("CanAsia") (TSXV: CEC) announced today that it granted
options to directors, officers, an employee and a consultant to
purchase an aggregate of 1,675,000 common shares under CanAsia's
equity incentive plan. Each option has an exercise price of
$0.23 (being the November 21, 2022 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 November
22, 2027. Options to purchase 1,675,000 common shares
are now outstanding, equal to 3.4% of CanAsia's 49,793,907
outstanding common shares, at an exercise price of $0.23.
CanAsia is a Calgary,
Alberta based oil and gas company with operations in
Western Canada.
This press release contains forward-looking
information. Forward-looking information is generally
identifiable by the terminology used, such as "expect", "believe",
"estimate", "should", "anticipate" and "potential" or other similar
wording. Forward-looking information in this press release
includes references, express or implied, to the vesting, exercise
and expiry of options and timing thereof. By its very
nature, the forward-looking information contained in this press
release requires CanAsia and its management to make assumptions
that may not materialize or that may not be accurate. In
addition, the forward-looking information is subject to known and
unknown risks and uncertainties and other factors, some of which
are beyond the control of CanAsia, which could cause actual
results, expectations, achievements or performance to differ
materially. Although CanAsia believes that the expectations
reflected in its forward-looking information are reasonable, it can
give no assurances that those expectations will prove to be
correct. CanAsia undertakes no obligation to update publicly
or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
applicable securities laws.
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.