CALGARY,
AB, Sept. 21, 2023 /CNW/ - CanAsia Energy
Corp. ("CanAsia") (TSXV: CEC) announced today that its directors
intend to amend By-Law No. 1 of the Corporation to reduce the
quorum requirement for a shareholder meeting from 25% to 10%. The
amendment is expected to occur immediately before the annual
meeting of shareholders scheduled to commence in Calgary at 9:00 a.m. tomorrow, Friday, September 22, 2023. The amendment will
have immediate effect. Shareholders will then be asked to confirm
the amendment at the meeting. It is anticipated that such
confirmation will be obtained.
The amendment is necessary to ensure that the meeting, and
future meetings of shareholders as required, may proceed. The
deadline for submission of proxies for the meeting was 9:00 a.m. (Calgary time) on Wednesday, September 20. At that time, proxies
representing 11,629,355 (23.35%) of CanAsia's 49,793,907 issued and
outstanding common shares had been submitted. The proxy submission
deadline has been extended to 3:00
p.m. (Calgary time) today,
Thursday, September 21. It is
unlikely that enough additional proxies to bring the total shares
voted to 25% or more will be submitted by the extended
deadline.
An updated CanAsia corporate presentation will be posted on the
Corporation's website at www.canasiacorp.com after the shareholder
meeting on September 22, 2023.
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 amendment of CanAsia's By-Law
No. 1, an updated corporate presentation and the timing of
each. 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.