Alset AI Ventures Concludes Debt Settlement

Alset AI Ventures Inc., an artificial intelligence venture company, has finalized its previously announced debt settlement. The transaction involves settling a total of $160,697.64 owed to certain creditors. This was achieved through the issuance of 788,330 common shares and 640,092 units at a deemed price of $0.1125 per unit and share. Each unit includes one common share and one purchase warrant, exercisable at $0.15 for two years.

Related parties participated in the settlement, receiving only shares to avoid related party transaction issues under MI 61-101. Exemptions were applied due to insiders' participation not exceeding 25% of the company's market capitalization. The new securities will be subject to a hold period, expiring on June 28, 2025.