Announcement • Jun 09
CanAsia Energy Corp., Annual General Meeting, Aug 12, 2025 CanAsia Energy Corp., Annual General Meeting, Aug 12, 2025. Location: alberta, calgary Canada Board Change • May 23
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Rick Alexander is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 31
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Rick Alexander is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jul 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.0m (US$9.37m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (127% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.0m market cap, or US$9.37m). Minor Risk Less than 3 years of financial data is available. New Risk • Jun 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Shareholders have been substantially diluted in the past year (127% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (CA$16.9m market cap, or US$12.3m). Announcement • Apr 09
CanAsia Energy Corp., Annual General Meeting, Jun 14, 2024 CanAsia Energy Corp., Annual General Meeting, Jun 14, 2024. Announcement • Jan 17
CanAsia Energy Corp. announced that it has received CAD 6.3 million in funding On January 16, 2024, CanAsia Energy Corp. closed the transaction. The company has issued 12,580,000 common shares at an issue price of CAD 0.10 per share for aggregate gross proceeds of CAD 1,258,000 in its second and final tranche closing. The company has issued total 63,000,000 common shares at an issue price of CAD 0.10 per share for total gross proceeds of CAD 6,300,000 in two tranches in the transaction. Pursuant to the second tranche, 1,580,000 life shares were issued under the listed issuer financing exemption and 11,000,000 Accredited Investor Shares were issued under the accredited investor exemption. The first trade of LIFE Shares will not be subject to any hold period or other resale restrictions. Unless permitted under securities legislation, the Accredited Investor Shares cannot be traded before 4 months and a day after the date hereof. Chief Executive Officer and two directors participated in the Offering by purchasing an aggregate of 17,000,000 shares in the two tranches. They held an aggregate of 7% of company's issued and outstanding shares before the Offering and now hold an aggregate of 18.1% of the shares. The company paid to the Agent an advisory fee of CAD 70,000 in cash and issued 670,200 broker warrants. The company has also issued to the Agent 24,600 non-transferable broker warrants equal to 6% of the number of shares sold through the Agent under the Offering, other than Shares sold to president's list purchasers. New Risk • Jan 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 87% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$11.2m market cap, or US$8.37m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Dec 05
CanAsia Energy Corp. announced that it expects to receive CAD 4 million in funding CanAsia Energy Corp. announced a brokered private placement to issue 40,000,000 common shares at an issue price of CAD 0.10 per share to raise aggregate gross proceeds of up to CAD 4,000,000 on December 4, 2023. The Offering is being led by Research Capital Corporation as the sole agent and sole bookrunner on a best-efforts basis. The transaction will include participation from officers and directors by purchasing Accredited Investor Shares for aggregate gross proceeds of up to CAD 1,800,000. The Company will grant the Agent an option to increase the size of the Offering by up to an additional 6,000,000 Accredited Investor Shares by the Agent giving written notice of the exercise of the Agent’s Option, or a part thereof, to the Company at any time up to 2 business days prior to the Closing Date. The closing of the Offering is expected to occur on or about December 20, 2023 or such other date or dates as company and the Agent may agree. The outstanding company's common shares are listed and posted for trading on the TSX Venture Exchange under the trading symbol "CEC". The company will apply to list the shares distributed under the Offering on the TSXV. Listing will be subject to fulfilling all the listing requirements of the TSXV. Up to 24,000,000 common shares will be offered to purchasers in Canada and Up to 16,000,000 common shares of will be offered to accredited investors under the accredited investor exemption. The first trade of LIFE Shares will not be subject to any hold period or other resale restrictions and the Accredited Investor Shares cannot be traded before 4 months and a day after the Closing Date. The company will pay Agent a cash commission of 6.0% of the aggregate gross proceeds of the Offering, other than for sales to certain "president's list" purchasers identified by, for which a 3.0% cash commission will be payable and will also issue to the Agent non-transferable broker warrants equal to 6.0% of the number of shares sold under the Offering, other than shares sold to president's list purchasers. Each broker warrant will entitle the Agent to purchase one share at an exercise price of CAD 0.10 price until 24 months after the Closing Date. The underlying Accredited Investor Shares of the broker warrants cannot be traded before 4 months and a day after the Closing Date. Announcement • Jul 18
CanAsia Energy Corp., Annual General Meeting, Sep 22, 2023 CanAsia Energy Corp., Annual General Meeting, Sep 22, 2023. Board Change • May 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Mike Hibberd was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Mike Hibberd was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 