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Solar Alliance Closes Shares for Debt Settlements

Solar Alliance Closes Shares for Debt Settlements

太阳能联盟通过股票融资偿还债务
GlobeNewswire ·  06/17 19:29

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

不得在美国新闻电线服务中发布或在美国传播。

TORONTO and KNOXVILLE, Tenn., June 17, 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, announces that it has closed: (a) the debt transaction with certain directors of the Company, as previously announced on March 1, 2024 (the "First Debt Settlement") and (b) the debt transaction with Tom Anderson, an Insider of the Company, as previously announced on May 15, 2024 (the "Second Debt Settlement", and together with the First Debt Settlement, the "Debt Settlements")

2024年6月17日,安克斯维尔,田纳西州,多伦多环球新闻社(GLOBE NEWSWIRE)-太阳联盟能源公司(Solar Alliance或公司)( TSX-V:SOLR)是一家领先的太阳能解决方案提供商,专注于商业和工业太阳能领域,宣布已完成:(a)与公司某些董事的债务交易,如2024年3月1日先前宣布的(“第一债务结算”)和(b)与汤姆·安德森(Tom Anderson),公司内部人士的债务交易,如2024年5月15日先前宣布的(“第二债务结算”),以及第一债务结算(统称为“债务结算”)

Under the First Debt Settlement, the Company settled aggregate debt of $160,000 accrued liabilities for directors' fees owed to certain current directors of the Company through the issuance of 2,909,090 common shares of the Company (the "Director Shares") at a deemed price of $0.055 per Director Share. Under the Second Debt Settlement, the Company settled aggregate debt of $115,000 owed to Mr. Anderson, with respect to loans provided by Mr. Anderson to the Company through the issuance of 2,300,000 common shares of the Company (the "Insider Shares", and together with the Director Shares, the "Shares") at a deemed price of $0.05 per Insider Share. The loan was for $100,000 (the "Loan") and was provided by Mr. Anderson to the Company on February 27, 2204. The Loan was unsecured, bore interest at 15% per annum and was due to mature on February 27, 2025 (the "Maturity Date"). Repayment of the Loan prior to the Maturity Date requires an early repayment fee equal to the amount of interest payable per annum.

根据第一笔债务结算,公司通过以每股0.055美元的发行定价发行了2,909,090股公司股票(董事股票)来结算到公司现任董事所欠的总债务为160,000美元的应计负债。根据第二笔债务结算,公司通过以每股0.05美元的发行定价发行2,300,000股公司股票(内部人士股票和董事股票一并称为“股票”)结算欠安德森先生的总债务为115,000美元,该债务是安德森先生于2024年2月27日向公司提供的贷款(“贷款”)并且未受担保的,年利率为15%,到期日为2025年2月27日(“到期日”)。在到期日之前偿还贷款需要支付等同于每年应付利息金额的提前还款费用。

The Company issued the Shares to settle the debts in order to preserve cash for general working capital purposes. The Debt Settlements are subject to the final approval of the TSX Venture Exhchange. The Shares issued pursuant to the Debt Settlements are subject to a four month and one day hold period, which will expire on October15, 2024.

公司发行这些股票是为了结算债务,以便保留现金以用于一般的营运资金。债务结算需要 TSX Venture Exchange 最终批准。根据债务结算发行的股票需要遵守四个月零一天的停滞期,这将在2024年10月15日到期。

Related Party Transaction and Early Warning Report

关联交易和提前警告报告

The directors and Mr. Anderson that participated in the Debt Settlements are insiders of the Company, and accordingly, the Debt Settlements and the Loan are each considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction ("MI 61-101"). The Company relied on the exemptions from the requirement for a formal valuation and minority shareholder approval under MI 61-101 on the basis of the exemptions contained in section 5.5(1)(a) and section 5.7(1)(a) of MI 61-101, as the fair market value of the Shares issued to insiders in connection with the Debt Settlements and the fair market value of the Loan did not exceed 25% of the Company's market capitalization.

参与债务结算的公司董事和安德森先生均是公司内部人士,因此债务结算和贷款均视为《多项立法仪表 61-101 - 少数股东在特殊交易中的保护》(“MI 61-101”)中的“相关方交易”。公司依据_MI 61-101_ 第5.5(1)(a)和第5.7(1)(a)条款规定的豁免条件,依据股票发行、债务结算及贷款的公允市值未超过公司市值的25%而免除了进行正式估值和少数股东批准的要求。

As at the date of the filing of Mr. Anderson's last Form 62-103F1 relating to his holdings of common shares of the Company (the "Common Shares"), being February 11, 2019 (the "Last Filing"), Mr. Anderson beneficially owned and exercised control and direction over 98,843,082 Common Shares, representing approximately 50.4% of the Common Shares on a non-diluted and partially diluted basis as at the date of the Last Filing. Following the Second Debt Settlement, Mr. Anderson owns and exercises control and direction over 100,216,369 Common Shares, representing approximately 35.77% of the Common Shares on a non-diluted and partially diluted basis.

根据安德森先生上次提交的关于他持有公司普通股(“普通股”)的表格62-103F1的日期(“最近提交”),即2019年2月11日,安德森先生拥有并控制了98,843,082股普通股,占最近提交日期不经调整和部分调整股本的约50.4%。第二笔债务结算后,安德森先生拥有和控制了100,216,369股普通股,占最近提交日期不经调整和部分调整股本的约35.77%。

In satisfaction of the requirements of National 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 Issues, an early warning report respecting the acquisition of securities by Mr. Anderson will be filed under the Company's SEDAR+ Profile at .

根据《国家仪表 62-104 - 收购性要约和发行人要约》和《国家仪表 62-103 - 预警系统和相关收购要约及公司内部人士报告问题》,与安德森先生购买证券相关的预警报告将在公司的 SEDAR+ 档案下进行提交。

The Second Debt Settlement was completed to settle outstanding indebtedness and Mr. Anderson intends to hold the Insider Shares for investment purposes. Depending on market and other conditions, Mr. Anderson may from time to time in the future increase or decrease his ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise.

第二次债务结算是为了结算未清债务,安德森先生打算出于投资目的持有内幕股。根据市场和其他情况,安德森先生可能会在未来通过市场交易、私人协议或其他方式增加或减少对公司证券的所有权、控制或指导。

The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

本新闻稿中描述的证券尚未在美国证券法或任何州证券法下注册,因此除遵守《美国证券法》和适用州证券法的注册要求或根据其中的豁免规定以外,在美国境内不得提供或销售。本新闻稿不构成在任何司法管辖区出售或购买任何证券的要约。

Myke Clark, CEO

Myke Clark,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
Myke Clark,首席执行官
416-848-7744
mclark@solaralliance.com

About Solar Alliance Energy Inc. ()

关于太阳联盟能源公司()

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.

太阳联盟是专注于商业、公用事业和社区太阳能领域的能源解决方案提供商。我们经验丰富的太阳能专业人员团队可降低或消除客户对不断上涨的能源成本的脆弱。提供一种环境友好的电力发电来源,并提供经济实惠的交钥匙清洁能源解决方案。太阳联盟的战略是建立、拥有和运营自己的太阳能资产,同时通过向商业和公用事业用户销售并安装太阳能项目来产生稳定的收入。该公司目前在纽约拥有两个正在运营的太阳能项目,并积极追求机会,以扩大其拥有管道。从设计、工程、安装、拥有和运营/维护方面来看,联合业务模型的技术和操作上的协同作用支持了太阳能项目价值链上的持续增长。

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 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 Company's solar projects; 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.

这份新闻稿中的声明,除了纯粹的历史信息外,还包括有关公司未来计划和目标或预期结果的声明,构成前瞻性声明。旨在识别前瞻性信息的词“将”,“预计”和“估计”或其他类似的词和短语。前瞻性信息受到已知和未知的风险、不确定性和其他因素的影响,这些因素可能会导致公司的实际结果、活动水平、绩效或成就与这些前瞻性信息所表达或暗示的结果、活动水平、绩效或成就在本质上有所不同。这些因素包括但不限于:与筹集足够资本的不确定性相关的声明、投资组合的经济条件或金融市场的变化、诉讼、立法或其他司法、监管、立法和政治的竞争性发展、技术或操作方面的困难、保持收入增长的能力、执行公司的策略的能力、完成公司当前和积压的太阳能项目的能力、增加公司的市场份额的能力、高增长的美国太阳能行业、将项目积压转化为收入的能力、预计建筑和完成公司太阳能项目的时间、能够预测和对抗 COVID-19 对公司业务的影响,包括但不限于 COVID-19 对建筑业、资本市场条件、劳动力和国际旅行和供应链的限制的影响;潜在的企业增长机会和在2024年实现关键目标的能力。因此,实际结果可能会与前瞻性陈述中所述的结果有实质性的差异。

"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."

" TSX Venture Exchange 及其监管服务提供者(如 TSX Venture Exchange 的政策中所定义的)均不对此发布的充足性或准确性负责。"


声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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