CanAsia Financial Inc.
TSX VENTURE : CNA

March 25, 2015 18:06 ET

CanAsia Announces Results of Annual and Special Meeting

CALGARY, ALBERTA--(Marketwired - March 25, 2015) - CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE:CNA) is pleased to announce that at the annual and special meeting of the shareholders of the Company which was held today, the following resolutions were approved:

  1. The fixing of the number of directors of the Corporation at five (5) and election of the directors (as set out below);
  1. The appointment of Collins Barrow Edmonton LLP as the auditors of the Corporation for the ensuing year;
  1. The approval of the Company's stock option plan;
  1. The approval of the consolidation of all of the issued and outstanding common shares, series B preferred shares and series C preferred shares of CanAsia on the proposed basis of one (1) post-consolidation share for up to every forty (40) pre-consolidation shares, or such lesser number of pre-consolidation shares as determined by the board of directors of the Company;
  1. The approval of the change of name of the Company to "Global Neuro Technologies Corp." or to such other name as the board of directors of the Company may determine; and
  1. The approval of the acquisition by the Company of all of the outstanding shares of Global Neuro Technologies Inc. which will constitute a reverse takeover of the Company.

The board of directors of CanAsia now consists of Jay Leung, Jacob Kim, Jim Louie, Dr. Thomas Feasby and Dale Burstall.

We welcome Messrs. Leung, Feasby and Burstall to the board of directors of the Company.

About CanAsia

CanAsia is an 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.

Advisory

This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the reverse takeover. Statements containing the words: 'believes', 'intends', 'expects', 'plans', 'seeks' and 'anticipates' and any other words of similar meaning are forward-looking. All statements included herein involve various risks and uncertainties because they relate to future events and circumstances beyond the Company's control. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. 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. Any forward-looking statements are made as of the date of this press release and CanAsia does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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.

Contact Information

  • CanAsia Financial Inc.
    James G. Louie
    Chief Executive Officer
    (403) 870-7383
    louiejd@shaw.ca