SINGAPORE, Jan. 16, 2024 /CNW/ - Risco Energy Investments (SEA) Limited ("Risco") announces that it acquired 10,000,000 common shares of CanAsia Energy Corp. ("CanAsia") (TSXV: CEC) on January 16, 2024, in addition to 10,000,000 CanAsia common shares that Risco acquired on December 21, 2023. CanAsia issued an aggregate of 63,000,000 shares on those dates pursuant to a private placement, which resulted in 112,793,907 issued and outstanding shares. The issue price of each share was CAD $0.10. The aggregate consideration paid by Risco was CAD $1,000,000 on December 21, 2023 and CAD $1,000,000 on January 16, 2024.
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