CALGARY, AB, May 29, 2024 /CNW/ - CanAsia Energy Corp.
("CanAsia") (TSXV: CEC) announced today that it granted
options to directors, officers and an employee to purchase an
aggregate of 7,400,000 common shares under CanAsia's equity
incentive plan. Each option has an exercise price of $0.135 (being the May 28,
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 May 28, 2029. Options to
purchase 9,075,000 common shares are now outstanding, equal to 8.1%
of CanAsia's 112,793,907 outstanding common shares, at a
weighted average exercise price of $0.153.
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.