Alset Capital Inc announced a non-brokered private placement to issue 10,000,000 at a price of CAD 0.25 per Unit, for aggregate gross proceeds of up to CAD 2,500,000 on April 17, 2024. Each Unit is comprised of one Common Share and one-half of one Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one additional Common Share at a price of CAD 0.40 per Warrant Share for a period of 36 months from the date of issuance.

All securities issued pursuant to the Offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. Closing of the Offering is subject to a number of prescribed conditions, including, without limitations, approval of the TSX-V. If finders' fees are paid in connection with the Offering, it is expected that any cash finder's fees will be equal to 8% of the proceeds placed by the applicable finder, and any finder's fee paid in warrants will be equal to 8% of the number of Units placed by the applicable finder. Each Finders' Warrant entitles the holder thereof to acquire one Common Share at a price of CAD 0.25 per Finders' Warrant Share for a period of 36 months from the date of issuance.