Alset Minerals arranges $180,000 private placement

Mr. Allan Laboucan reportsALSET ANNOUNCES $180,000 PRIVATE PLACEMENT FINANCINGSubject to the approval of the TSX Venture Exchange, Alset Minerals Corp. proposes to undertake a non-brokered private placement of units at a price of seven cents per unit for gross proceeds of up to $180,000.Each unit shall comprise one common share in the capital of the company and one common share purchase warrant.Each warrant shall entitle the holder to purchase one common share at a price of 10 cents per share at any time within 24 months of the date of issuance. All securities to be issued under this private placement will be subject to a four-month resale restriction.The company intends to close the private placement immediately following the satisfaction of customary closing conditions, including receipt of all regulatory approvals. Alset will use the net proceeds of this private placement for general working capital purposes and to advance its lithium projects in Mexico.Finders’ fees and/or administrative fees may be paid to registered representatives in connection with the offering.About Alset Minerals Corp.Alset Minerals is a TSX Venture Exchange-listed junior exploration company focused on exploring and development of a group of high-grade lithium and potassium projects in the Central Mexican plateau. The company, in November, 2017, added nearly one million acres of lithium prospective salars, through staking, also in Mexico. Alset has a growing portfolio of 100-per-cent-owned lithium prospective salars in the states of San Luis Potosi, Zacatecas and Coahuila in Mexico. With the November, 2017, staking, the company now has more than one million acres of lithium prospective salars in mining-friendly Mexico with roads and power up to the salars.

Source: