On May 17, 2024, Alset Capital Inc. closed the transaction. The company has issued 800,000 units at a price of CAD 0.25 per unit for the gross proceeds of CAD 200,000 in its second and final tranche closing. Together with the first tranche, the company issued an aggregate of total 6,424,800 Units for aggregate gross proceeds of CAD 1,606,200 in the transaction. In connection with closing of the second tranche, the company paid finders' fees of CAD 16,000 and issued an aggregate of 64,000 Common Share purchase warrants to eligible arms' length finders. Each Finders' Warrant entitles the holder thereof to acquire one common share at a price of CAD 0.25 per finders' warrant share for a period of 36 months from the date of issuance. All securities issued pursuant to the Offering are subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation.

The company has raised CAD 205,764.20 ($150,512) from 2 investors pursuant to regulation D.