CALGARY, ALBERTA -- (Marketwired) -- 08/28/13 -- CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE: CNA) announces, subject to all necessary regulatory approval, that it intends to issue 8,026,274 common shares of the Company (the "Common Shares") at a deemed price of $0.05 per Common Share for payment of outstanding debts of $401,313.70 owed to creditors of the Company.
The Common Shares issued by the Company will have a hold period of four months from the date of issuance in accordance with applicable securities legislation.
CanAsia is Alberta based company listed on the TSX Venture Exchange. It is engaged in the business of developing unique new business opportunities in the Pacific Rim countries. The Company is located in Calgary, Alberta of Canada.
This press release may contain forward-looking statements about certain of the Company's current plans, goals and expectations relating to the issuance of shares for debt. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All forward-looking statements involve risk and uncertainty because they relate to future events and circumstances beyond the Company's control. As a result, the Company's actual financial condition, performance and results may differ materially from the plans, goals and expectations set out in the forward-looking statements. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in CanAsia's disclosure documents on the SEDAR website at www.sedar.com.
Neither the 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.
CanAsia Financial Inc.
James G. Louie
Chief Executive Officer
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