on Alset AI Ventures Inc. (CVE:GPUS)
Alset AI Ventures Announces Debt Settlement via Share Issuance
Alset AI Ventures Inc., based in Vancouver, declared on May 5, 2026, the signing of debt settlement agreements with several arm's length creditors. The arrangement covers a total debt of $592,800. The board considers the share issuance to settle this debt beneficial, as it supports cash preservation for operations and improves the balance sheet.
The company plans to issue 3,592,727 common shares at $0.165 each to fulfill this debt settlement, conditional upon TSX Venture Exchange's approval. Issued shares will face a mandatory hold for four months and one day, per relevant security laws. This step aligns with Alset AI's strategic financial resource management.
R. E.
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