Alset AI Ventures Announces Debt Settlement through Share Issuance

Alset AI Ventures Inc., a Canadian AI venture company, has announced a debt settlement agreement. The company will issue 3,475,646 common shares at $0.055 each to settle $191,160.37 of accrued and unpaid fees with certain creditors. This transaction is designed to conserve operational funds and strengthen the company's financial position.

The share issuance requires approval from the TSX Venture Exchange. Most of these shares will have a four-month restriction period, though 641,999 will not. Additionally, Alset AI has granted stock options and restricted share units to directors and consultants.

These incentive measures align with the company’s strategic investment and cloud computing objectives, pending regulatory adherence. The company remains committed to advancing AI innovation.