on Alset AI Ventures Inc. (CVE:GPUS)
Alset AI Ventures Settles Debt with Share Issuance
Alset AI Ventures Inc., a company listed under TSXV:GPUS, OTCQB:GPUSF, and FSE:1R60, announced the completion of a debt settlement. The company settled $592,800 in debt by issuing 3,592,727 common shares at $0.165 per share. These shares are subject to a four-month holding period and certain resale restrictions.
The transaction remains pending final acceptance by the TSX Venture Exchange. It wasn't categorized as a related party transaction since no company insiders received securities. The release schedule for shares follows five stages, with twenty percent released at intervals up to a year post the Bulletin Date. The company aims to navigate risks and uncertainties with this strategic move.
R. P.
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