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CanAsia Announces Private Placement |
June 14, 2012
CALGARY, ALBERTA--(Marketwire - June 13, 2012) - CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE:CNA) announces that it plans to complete a non-brokered private placement of up to 10,000,000 units (the "Units") of CanAsia at a price of $0.11 per Unit for aggregate gross proceeds of up to $1,100,000 (the "Offering"). The Units will be comprised of one (1) common share ("Common Share") of CanAsia and one-half (1/2) of a share purchase warrant ("Warrant") of CanAsia. Each whole Warrant entitles the holder thereof to purchase one Common Share for $0.20 per share expiring 24 months from the date of the closing of the Offering.
http://www.marketwire.com/mw/release.do?id=1669219&sourceType=3
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