Alset Announces $960,000 Private Placement Change of Management
ALSET ANNOUNCES $960,000 PRIVATE PLACEMENT
CHANGE OF MANAGEMENT
March 19, 2018
Vancouver, British Columbia: Alset Minerals Corp. (TSXV: ION) (“Alset” or “the Company”) announces
that it will not be proceeding with the financing announced on January 16, 2018 but will , subject to the
approval of the TSX Venture Exchange, undertake a non-brokered private placement of 8,000,000 units
(the “Units”) at a price of twelve cents ($0.12) per Unit for gross proceeds of up to $960,000 (the
“Financing”). Each Unit shall be comprised of one common share in the capital of the Company and one
half (1/2) of a common share purchase warrant.
Each full warrant shall entitle the holder to purchase one common share at a price of fifteen cents
($0.15) per share at any time within three years of the date of issuance. All securities to be issued under
this private placement will be subject to a four-month resale restriction.
Finders’ fees or commissions will be payable to registered representatives in connection with the
Financing.
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.
The Company also announces that Allan Laboucan has resigned as director, President and CEO and that
Gennen McDowall has been appointed as the new President and CEO. Mr. Laboucan has agreed to
continue to assist the Company with its project in Mexico and will be engaged as a consultant. The
Company wishes to thank Mr. Laboucan for his leadership of the Company over the last year and a half
and the Company looks forward to continuing to work with him to make the Company’s Mexican lithium
project a success.
About Alset Minerals Corp. (ION.V)
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. W ith the November, 2017, staking,
ALSET MINERALS CORP.
Suite 1400 – 1040 West Georgia Street
Vancouver, BC V6E 4H8
Tel: 604-505-4753
www.alsetenergy.ca
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.
On behalf of the Board of Directors of Alset Minerals Corp.,
"W. Gennen McDowall"
Gennen McDowall, President and CEO
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward -looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and may
be "forward-looking statements."
For further information contact Gennen McDowall @ 6045-788-5128
www.alsetminerals.com