Alset to Issue Shares for Debt

THUNDER BAY, ONTARIO–(Marketwired – Nov. 7, 2016) – Alset Energy Corp. (TSX VENTURE:ION) (“Alset” or “the Company”) announces that, subject to regulatory approval, it will be settling up to $153,228.52 of debt arising from various services by issuing up to 1,178,680 shares at a deemed price of $0.13 per share to a creditor of the Company.

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