Alset Capital, Inc. (TSE:KSUM) has released an update.
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Alset Capital Inc. has successfully completed a $6 million non-brokered private placement, fully subscribing the issuance of units that include common shares and warrants. The proceeds are earmarked for capital expenditures, working capital, and other corporate purposes. The placement also involved payment of finders’ fees and warrants, with all securities issued subject to a four-month holding period.
For further insights into TSE:KSUM stock, check out TipRanks’ Stock Analysis page.
