Solar Alliance Announced $1,000,000 Non-brokered Private Placement and Shares for Debt Exchange
Solar Alliance Announced $1,000,000 Non-brokered Private Placement and Shares for Debt Exchange
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TORONTO and KNOXVILLE, Tenn., May 14, 2024 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. ('Solar Alliance' or the 'Company') (TSX-V: SOLR), a leading solar energy solutions provider focused on the commercial and industrial solar sector, is pleased to announced its intention to complete a non-brokered private placement of up to 20,000,000 units of the Company (the "Units") at a price of C$0.05 per Unit for gross proceeds of up to C$1,000,000 (the "Offering"). Each Unit will be comprised of one (1) common share of the Company (a "Common Share") and one (1) Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to acquire one (1) Common Share (a "Warrant Share") at an exercise price of C$0.07 per Warrant Share at any time for a period of thirty-six (36) months following the closing of the Offering. Closing of the Offering is expected to be on or about June 20, 2024 or such other date or dates that that the Company may determine.
多伦多和田纳西州诺克斯维尔,2024年5月14日(GLOBE NEWSWIRE)——专注于商业和工业太阳能行业的领先太阳能解决方案提供商太阳能联盟能源公司(“太阳能联盟” 或 “公司”)(多伦多证券交易所股票代码:SOLR)很高兴地宣布,它打算在非经纪人基础上完成公司不超过20,000,000个单位(“单位”)的私募配售每单位价格为0.05加元,总收益不超过1,000,000加元(“本次发行”)。每个单位将由公司一(1)股普通股(“普通股”)和一(1)份普通股购买权证(“认股权证”)组成。每份认股权证的持有人有权在发行结束后的三十六(36)个月内随时以每股认股权证0.07加元的行使价收购一(1)股普通股(“认股权证”)。本次发行的截止日期预计为2024年6月20日左右或公司可能确定的其他日期或日期。
The Units will be offered by way of the "listed issuer" financing exemption (the "Listed Issuer Exemption") under National Instrument 45-106 – Prospectus Exemptions ("NI 45-106") in all the provinces of Canada with the exception of Quebec, and such other jurisdictions as the Company may determine (the "Selling Jurisdictions"). Since the Offering is being completed pursuant to the Listed Issuer Exemption, the securities issued under the Offering will not be subject to a hold period under applicable Canadian securities laws.
这些单位将通过国家仪器45-106下的 “上市发行人” 融资豁免(“上市发行人豁免”)发行— 招股说明书豁免 (“NI 45-106”)在加拿大所有省份,魁北克省以及公司可能确定的其他司法管辖区(“销售司法管辖区”)除外。由于本次发行是根据上市发行人豁免完成的,因此根据适用的加拿大证券法,根据本次发行发行的证券将不受持有期限制。
The Company intends to use the net proceeds from the Offering for general corporate and working capital purposes. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange (the "TSXV") and applicable securities regulatory authorities.
公司打算将本次发行的净收益用于一般公司和营运资金用途。本次发行的完成需满足某些条件,包括但不限于获得所有必要的批准,包括多伦多证券交易所风险投资交易所(“TSXV”)和适用的证券监管机构的批准。
In addition, the Company has agreed to settle CAD$115,000 of debt owed to an Insider of the Company, in consideration for the issuance of 2,300,000 Common Shares at a deemed price of CAD$0.05 per Common Share (the "Debt Settlement"). The debt is payable in respect of loans owed to the Insider by the Company. The closing of the Debt Settlement is subject to the approval from TSXV. The Corporation expects that the proposed Debt Settlement will assist the Company in preserving its cash for working capital and the board of directors of the Corporation believes the Debt Settlement is in the best interests of the Corporation. The securities to be issued pursuant to the Debt Settlement will be subject to a four month and one day statutory hold period from the date of issuance.
此外,公司已同意结清欠公司内部人士的11.5万加元债务,以每股普通股0.05加元的认定价格发行2,300,000股普通股(“债务清算”)。债务是根据公司欠内幕人士的贷款来偿还的。债务清算的完成需获得多伦多证券交易所的批准。该公司预计,拟议的债务和解将有助于公司保留现金作为营运资金,公司董事会认为债务清算符合公司的最大利益。根据债务和解发行的证券将自发行之日起有四个月零一天的法定持有期。
Certain directors, officers and Insiders of the Company are expected to acquire Units under the Offering and to participate in the Debt Settlement. Such participation will be considered to be a "related party transaction" as defined under the policies of the TSXV and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be acquired or the participation in the Debt Settlement by the participating directors, officers and Insiders nor the consideration to be paid by such directors, officers and Insiders is anticipated to exceed 25 percent of the Company's market capitalization. Units issued to directors, officers and Insiders of the Company will be subject to a hold period of four months in accordance with the policies of the TSXV.
公司的某些董事、高级管理人员和内部人士预计将收购本次发行下的单位并参与债务清算。根据多伦多证券交易所和第61-101号多边文书的政策,这种参与将被视为 “关联方交易” — 在特殊交易中保护少数股权持有人 (“MI 61-101”)。公司预计,将依赖密歇根州61-101第5.5(a)条和第5.7(1)(a)条分别对关联方交易适用的少数股东批准和正式估值要求的豁免,因为待收购单位的公允市场价值或参与的董事、高级管理人员和内部人士参与债务清算以及此类董事、高级管理人员和内部人士支付的对价预计都不会超过其中的25% 公司的市值。根据多伦多证券交易所的政策,向公司董事、高级管理人员和内部人士发行的单位将有四个月的持有期。
There is an offering document related to the Offering that can be accessed under the Company's profile at and on the Company's website at . Prospective investors should read this offering document before making an investment decision.
有一份与本次发行相关的发行文件,可在公司简介下和公司网站上查阅,网址为。潜在投资者在做出投资决定之前应阅读本发行文件。
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the United States Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
本新闻稿不构成美国任何证券的卖出要约或收购要约的邀请。这些证券过去和将来都不会根据经修订的1933年《美国证券法》或任何州证券法进行注册,除非根据美国证券法和适用的州证券法进行注册或获得此类注册的豁免,否则不得在美国境内向美国个人或为美国个人的账户或利益发行或出售(定义见美国《证券法》S条)。
Myke Clark, CEO
迈克·克拉克,首席执行官
For more information: |
Investor Relations Myke Clark, CEO 416-848-7744 mclark@solaralliance.com |
欲了解更多信息: |
投资者关系 迈克·克拉克,首席执行官 416-848-7744 mclark@solaralliance.com |
About Solar Alliance Energy Inc. ()
关于太阳能联盟能源公司 ()
Solar Alliance is an energy solutions provider focused on the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions. Solar Alliance's strategy is to build, own and operate our own solar assets while also generating stable revenue through the sale and installation of solar projects to commercial and utility customers. The Company currently owns two operating solar projects in New York and actively pursuing opportunities to grow its ownership pipeline. The technical and operational synergies from this combined business model supports sustained growth across the solar project value chain from design, engineering, installation, ownership and operations/maintenance.
Solar Alliance 是一家能源解决方案提供商,专注于商业、公用事业和社区太阳能领域。我们经验丰富的太阳能专业团队可减少或消除客户对能源成本上涨的脆弱性,提供环保的发电来源,并提供经济实惠的交钥匙清洁能源解决方案。Solar Alliance的战略是建造、拥有和运营我们自己的太阳能资产,同时通过向商业和公用事业客户出售和安装太阳能项目来创造稳定的收入。该公司目前在纽约拥有两个正在运营的太阳能项目,并积极寻找机会扩大其所有权渠道。这种合并的商业模式带来的技术和运营协同效应支持太阳能项目价值链从设计、工程、安装、所有权和运营/维护的持续增长。
Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words "would", "will", "expected" and "estimated" or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include but are not limited to: statements, projections and estimates with respect to the Offering and Debt Settlement, including the terms, timing and completion thereof, the use of proceeds of the Offering, the resale restrictions of the securities issued pursuant to the Offering, the issuance of the Units pursuant to the Listed Issuer Exemption uncertainties related to the ability to raise sufficient capital; changes in economic conditions or financial markets; litigation, legislative or other judicial, regulatory, legislative and political competitive developments; technological or operational difficulties; the ability to maintain revenue growth; the ability to execute on the Company's strategies; the ability to complete the Company's current and backlog of solar projects; the ability to grow the Company's market share; the high growth US solar industry; the ability to convert the backlog of projects into revenue; the expected timing of the construction and completion of the 565-kW and 872 KW Tennessee solar project; the ability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the construction sector, capital market conditions, restriction on labour and international travel and supply chains; potential corporate growth opportunities and the ability to execute on the key objectives in 2024. Consequently, actual results may vary materially from those described in the forward-looking statements.
本新闻稿中的陈述,除纯粹的历史信息外,包括与公司未来计划和目标或预期业绩有关的陈述,均构成前瞻性陈述。“将”、“将”、“预期” 和 “估计” 等词语或其他类似的词语和短语旨在识别前瞻性信息。前瞻性信息受已知和未知风险、不确定性和其他因素的影响,这些因素可能导致公司的实际业绩、活动水平、业绩或成就与此类前瞻性信息所表达或暗示的业绩存在重大差异。这些因素包括但不限于:与本次发行和债务清算有关的声明、预测和估计,包括其条款、时间和完成情况、本次发行所得的使用、根据本次发行发行发行的证券的转售限制、根据上市发行人豁免发行单位与筹集足够资本能力相关的不确定性;经济状况或金融市场的变化;诉讼、立法或其他司法、监管、立法和政治竞争发展;技术或运营困难;维持收入增长的能力;执行公司战略的能力;完成公司当前和积压太阳能项目的能力;增加公司市场份额的能力;高增长的美国太阳能行业;将积压的项目转化为收入的能力;565kW的预计建设和完工时间以及 田纳西州 872 千瓦太阳能项目;预测和抵消 COVID-19 对公司业务影响的能力,包括但不限于 COVID-19 对建筑业、资本市场状况、劳动力和国际旅行及供应链的限制;潜在的企业增长机会以及在 2024 年执行关键目标的能力。因此,实际结果可能与前瞻性陈述中描述的结果存在重大差异。
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
“多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。”