Alset AI Ventures (TSXV:GPUS, OTC:GPUSD) disclosed that Mr. Randy Gilling sold 1,852,662 common shares on June 9, 2026 at $0.12 per share for gross proceeds of $222,319.44. His holdings fell from 11.13% to under 1% non-diluted, ending early warning reporting obligations.
This press release is issued pursuant to Multilateral Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issuers (“NI 62-103”).
TORONTO, ON / ACCESS Newswire / June 10, 2026 / On June 9, 2026, Mr. Randy Gilling (the "Acquiror") disposed of an aggregate of 1,852,662 common shares (each, a "Common Share") in the capital of Alset AI Ventures Inc. (the "Company") (TSXV:GPUS)(OTC:GPUSD)(FSE:1R60, WKN:A40M0J) at a price of $0.12 per Common Share for aggregate gross proceeds of $222,319.44 (the "Disposition"). The Disposition was completed through the sale of the Common Shares on the facilities of the TSX Venture Exchange.
Immediately prior to completion of the Disposition, the Acquiror, together with any joint actor (as such term is defined in NI 62-103) beneficially owned or exercised control or direction over, directly or indirectly, an aggregate of 1,962,245 Common Shares and 463,333 warrants to purchase Common Shares ("Warrants"), representing approximately 11.13% of the issued and outstanding Common Shares on a non-diluted basis and 13.75% of the issued and outstanding Common Shares on a partially-diluted basis. Immediately following completion of the Disposition, the Acquiror, together with any joint actor, beneficially owned or exercised control or direction over, directly or indirectly, an aggregate of 109,583 Common Shares and 463,333 Warrants, representing less than 1.00% of the issued and outstanding Common Shares on a non-diluted basis and 3.25% of the issued and outstanding Common Shares on a partially-diluted basis.
The completion of the Disposition resulted in the Acquiror's beneficial ownership of, or control or direction over, the Common Shares to decrease below 10% of the issued and outstanding Common Shares on a partially-diluted basis. As a result, following the filing of the early warning report described below, the Acquiror will no longer file early warning or insider reports in respect of the Acquiror's ownership of the Company's securities, unless and until required under applicable securities legislation.
The Common Shares were disposed of for tax compliance purposes. The Acquiror may, depending on market conditions, the business and prospects of the Company and other relevant factors, increase or decrease its beneficial ownership of Common Shares or other securities of the Company whether in the open market, by privately negotiated agreement or otherwise, in compliance with applicable securities laws.
The Company is located at 701 West Georgia Street, Suite 1420, Vancouver, BC V7Y 1E4. The Acquiror is located at 777-2255B Queen Street East, Toronto, Ontario M4E 1G3. A copy of the early warning report related to the Disposition will be available within two (2) business days of the filing of this news release under the Company's profile on SEDAR+ at www.sedarplus.ca or may be obtained from the Acquiror at sales@silverbirchgrowth.com.
What share sale did Randy Gilling report for Alset AI Ventures (GPUSD) on June 9, 2026?
Randy Gilling reported selling 1,852,662 Alset AI Ventures common shares on June 9, 2026. According to the company, the shares were disposed of on the TSX Venture Exchange at $0.12 per share, for total gross proceeds of $222,319.44 under Canadian early warning rules.
How did Randy Gilling’s ownership in Alset AI Ventures (TSXV:GPUS, OTC:GPUSD) change after the June 2026 disposition?
His ownership dropped from a significant stake to below 1% of outstanding common shares. According to the company, he went from 1,962,245 shares (about 11.13% non-diluted) to 109,583 shares, plus 463,333 warrants, or 3.25% on a partially diluted basis.
At what price were the 1,852,662 Alset AI Ventures (GPUSD) shares sold and what were the proceeds?
The 1,852,662 common shares were sold at a price of $0.12 per share. According to the company, this generated aggregate gross proceeds of $222,319.44, with the sale executed through the facilities of the TSX Venture Exchange in compliance with Canadian securities rules.
Why did Randy Gilling dispose of Alset AI Ventures (GPUSD) common shares in June 2026?
The shares were disposed of for tax compliance purposes, according to the company. The disclosure notes that future changes in his holdings may depend on market conditions, the company’s business and prospects, and other factors, subject to applicable securities laws and regulations.
Will Randy Gilling continue filing early warning reports for Alset AI Ventures (GPUSD) after this sale?
He will no longer be required to file early warning or insider reports following this transaction. According to the company, his beneficial ownership dropped below 10% on a partially diluted basis, which ends these reporting obligations unless future holdings again meet regulatory thresholds.
Where can investors find the early warning report for the Alset AI Ventures (GPUSD) share disposition?
Investors can access the early warning report on SEDAR+ under Alset AI Ventures’ profile. According to the company, the report will be available within two business days, or may be obtained directly from the acquiror via the listed email contact address.
