CanAsia Energy Corp. – COMMENCEMENT OF OPERATIONS

CALGARY, AB, Aug. 25, 2022 /CNW/ – CanAsia Energy Corp. (“CanAsia“) is pleased to announce commencement of operations. CanAsia is the result of an arrangement under the Business Corporations Act (Alberta) (the “Arrangement“) initiated by Pan Orient Energy Corp. (“Pan Orient“).

CanAsia was incorporated by Pan Orient for the purpose of the Arrangement and now owns the non-Thailand business formerly owned by Pan Orient. The former shareholders of Pan Orient are now the shareholders of CanAsia. The common shares of CanAsia have been conditionally accepted for listing on the TSX Venture Exchange (“TSXV“).

The Arrangement became effective on August 25, 2022 and trading in CanAsia shares is expected to commence on the TSXV (trading symbol CEC) at the opening of trading on Monday, August 29, 2022, subject to CanAsia fulfilling the requirements of the TSXV. Pan Orient shareholders at the…