Alset ai announces closing of debt settlement

Not for distribution to united states newswire services or for release, publication, distribution or dissemination, directly or indirectly, in whole or in part, in or into the united states vancouver, bc / access newswire / february 27, 2025 / alset ai ventures inc.(tsxv:gpus)(otc pink:alscf)(fse:1r60, wkn:a3esvq)("alset ai" or the "company") an artificial intelligence (ai) venture company advancing innovation through strategic investment and cloud computing solutions, announces that further to its news release dated january 21, 2025, the company has closed its previously announced debt settlement totaling $160,697.64 owed to certain creditors of the company in consideration for the issuance of an aggregate 788,330 common shares in the capital of the company (each a "debt share") and 640,092 units of the company (each, a "debt settlement unit") at a deemed price of $0.1125 per debt settlement unit and debt share (the "debt settlement"). each debt settlement unit consists of one debt share and one transferable common share purchase warrant (each, a "debt settlement warrant"), with each debt settlement warrant exercisable to purchase one additional common share of the company (each, a "debt settlement warrant share") at an exercise price of $0.15 per debt settlement warrant share for a period of two years from the date of closing of the debt settlement.
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