THUNDER BAY, ONTARIO--(Marketwired - Aug 10, 2016) -
Alset Energy Corp. (TSX VENTURE:ION) ("Alset" or "the Company") is pleased to announce the appointment of Mr. Timothy S. Oliver, PE, P.Eng. as President and Chief Executive Officer of
Alset Energy Corp. In addition, Mr. Oliver will be joining the Board of Directors. Mr. Stephen Stares will step
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