Alset Capital Inc. Implements Shareholder Pooling Agreements and Initiates Private Placement

Alset Capital Inc., a diversified investment issuer, announced that certain shareholders have agreed to a voluntary pooling of 12,726,665 units, demonstrating their commitment to the company's long-term vision. These securities will be released in stages over an 18-month period, with specific percentages disclosed at four-time intervals.

Simultaneously, the company has outlined the terms for a non-brokered private placement aiming to raise up to $2,500,000. The placement will offer units at $0.25 each, consisting of a common share and half of a warrant, where each full warrant allows purchasing an additional common share at $0.40 within 36 months.

In conjunction with the placement, Alset may issue finder's fees as cash or warrants, adhering to TSX Venture Exchange policies. The use of the proceeds is designated for capital expenditures, working capital, and general corporate purposes, with all securities subject to a four-month hold period from the date of issuance.