CanAsia Energy Corp. (TSXV:CEC) entered into an agreement to acquire remaining 11.8% stake in Andora Energy Corporation on March 1, 2023. CanAsia will purchase Andora common shares owned by minority shareholders for a cash payment of CAD 0.044 per share. CanAsia, which currently owns 88.2% of the Andora common shares, has agreed to support the transaction by voting in favor of it the Andora shares that CanAsia owns and to provide to Andora, by loan or otherwise, sufficient funds to complete the transaction and pay Andora's reasonable transaction expenses. The transaction is subject to the approval by Andora shareholders at a special meeting called for that purpose and by the TSX Venture Exchange. The directors of Andora, on the recommendation of an independent committee of directors, are unanimously in favor of the transaction. The transaction will close by March 31, 2023.

CanAsia Energy Corp. (TSXV:CEC) completed the acquisition of a remaining 11.8% stake in Andora Energy Corporation on March 27, 2023. The purchase of Andora common shares owned by minority shareholders for a cash payment of CAD 0.044 per share. CanAsia, which previously owned 88.2% of the Andora common shares, now owns 100% of the Andora common shares. The transaction was approved by Andora shareholders at a special meeting earlier today.