Alset Announces $180,000 Private Placement Financing
ALSET MINERALS CORP.
Suite 1400 – 1040 West Georgia Street Vancouver, BC V6E 4H8 Tel: 604-505-4753 www.alsetenergy.ca
ALSET ANNOUNCES $180,000 PRIVATE PLACEMENT FINANCING
December 20, 2017
Vancouver, British Columbia: Alset Energy Corp. (TSXV: ION) (“Alset” or “the Company”) announces that, subject to the approval of the TSX Venture Exchange, it proposes to undertake a non-brokered private placement of units (the “Units”) at a price of 7 cents ($0.07) per Unit for gross proceeds of up to $180,000. Each Unit shall comprise one common share in the capital of the Company and one common share purchase warrant.
Each warrant shall entitle the holder to purchase one common share at a price of 10 cents ($0.10) per share at any time within 24 months of the date of issuance. All securities to be issued under this private placement will be subject to a four-month resale restriction.
The company intends to close the private placement immediately following the satisfaction of customary closing conditions, including receipt of all regulatory approvals. Alset will use the net proceeds of this private placement for general working capital purposes and to advance its lithium projects in Mexico.
A finder's and/or administrative fee may be paid to registered representatives in connection with the offering.
About Alset Minerals Corp. (ION.V)
Alset Minerals is a TSX Venture Exchange-listed junior exploration company focused on exploring and development of a group of high-grade lithium and potassium projects in the Central Mexican plateau. The company, in November, 2017, added nearly one million acres of lithium prospective salars, through staking, also in Mexico. Alset has a growing portfolio of 100-per-cent-owned lithium prospective salars in the states of San Luis Potosi, Zacatecas and Coahuila in Mexico. With the November, 2017, staking, the company now has more than one million acres of lithium prospective salars in mining-friendly Mexico with roads and power up to the salars.
On behalf of the Board of Directors of Alset Minerals Corp.,
"Allan Barry Laboucan"
Allan Barry Laboucan, President and CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
For further information contact Allan Barry Laboucan @:
Phone (604) 505-4753