CanAsia Energy Corp V.CEC

Alternate Symbol(s): CECAF

Energy Oil & Gas E&P

CanAsia Energy Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration for, and the acquisition, development and production of, crude oil and natural gas reserves. The Company, through its subsidiary, Andora Energy Corporation, is focused on developing the bitumen resources at the Sawn Lake property using steam assisted gravity drainage (SAGD) development. The Company has working interests in, four heavy oil sand leases with 27 sections (24.25 net sections) of Sawn Lake Alberta Crown oil sands leases within the Alberta Peace River Oil Sands area. In the Sawn Lake Central area, it operates with a 100% working interest in two oil sands leases with 11 gross sections (8.25 net sections). In the Sawn Lake South area, it operates with a 100% working interest in three oil sands leases with 16 gross sections (16 net sections).

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CanAsia Energy Corp > Record Date and Effective Date

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Comment by bullhorn3on Feb 07, 2022 10:22am

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Post# 34404499

RE:RE:RE:Record Date and Effective Date

I think you are wrong. Here is the key statement: "The purpose is to result in traded shares carrying the value of the $0.40 distribution until it is paid."
So, until Feb 11, shares traded carry the $0.40 distribution with them. That is the reason the SP has not dropped. The drop should occur on Feb 11.... at least that is my opinion.

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How a junior advances one of the largest undeveloped diamond projects