Alset Announces Amendment to Financing Terms

http://www.marketwired.com/press-release/alset-announces-amendment-to-financing-terms-tsx-venture-ion-2164706.htm

THUNDER BAY, ONTARIO–(Marketwired – Oct. 6, 2016) – Alset Energy Corp. (TSX VENTURE:ION) (“Alset” or “the Company”) announces an amendment to the terms of its previously announced private placement (news release dated July 29, 2016 and September 21, 2016) (the “Offering”). The Company will now raise up to $1 million on the following basis:

Each flow through unit (“FT”) will be issued at $0.12 and will consist of one (1) flow through common share and one-half of one common share purchase warrant, each full common share purchase warrant being exercisable at $0.20 cents for 24 months. Flow through funds will be used to advance the Wisa Lake spodumene and Champion Graphite projects in Ontario.

Each non flow-through unit (“NFT”) will be issued at $0.10 and will consist of one (1) common share and one (1) common share purchase warrant, each exercisable at $0.20 cents for 24 months.

Leave a Reply