Solar Alliance Closes Shares for Debt Settlements
Solar Alliance Closes Shares for Debt Settlements
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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日加拿大多倫多和田納西州諾克斯維爾(GLOBE NEWSWIRE)——太陽能聯盟能源股份有限公司('Solar Alliance'或“公司”,TSX-V: SOLR)是一家領先的以商業和工業太陽能板塊爲重點的太陽能能源解決方案提供商,宣佈已完成以下交易:(a)與公司的某些董事進行的債務交易,如2024年3月1日先前宣佈的一樣(“第一次債務結算”)和(b)與公司內部人員Tom Anderson進行的債務交易,如2024年5月15日先前宣佈的一樣 (“第二次債務結算”,連同第一次債務結算,稱爲“債務結算”)
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.
根據第一筆債務結算,公司通過以每股0.055美元的發行定價發行了2,909,090股公司股票(董事股票)來結算到公司現任董事所欠的總債務爲160,000美元的應計負債。根據第二筆債務結算,公司通過以每股0.05美元的發行定價發行2,300,000股公司股票(內部人士股票和董事股票一併稱爲“股票”)結算欠安德森先生的總債務爲115,000美元,該債務是安德森先生於2024年2月27日向公司提供的貸款(“貸款”)並且未受擔保的,年利率爲15%,到期日爲2025年2月27日(“到期日”)。在到期日之前償還貸款需要支付等同於每年應付利息金額的提前還款費用。
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.
公司發行這些股票是爲了結算債務,以便保留現金以用於一般的營運資金。債務結算需要 TSX Venture Exchange 最終批准。根據債務結算髮行的股票需要遵守四個月零一天的停滯期,這將在2024年10月15日到期。
Related Party Transaction and Early Warning Report
關聯交易和提前警告報告
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.
參與債務結算的公司董事和安德森先生均是公司內部人士,因此債務結算和貸款均視爲《多項立法儀表 61-101 - 少數股東在特殊交易中的保護》(“MI 61-101”)中的“相關方交易”。公司依據_MI 61-101_ 第5.5(1)(a)和第5.7(1)(a)條款規定的豁免條件,依據股票發行、債務結算及貸款的公允市值未超過公司市值的25%而免除了進行正式估值和少數股東批准的要求。
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.
根據安德森先生上次提交的關於他持有公司普通股(“普通股”)的表格62-103F1的日期(“最近提交”),即2019年2月11日,安德森先生擁有並控制了98,843,082股普通股,佔最近提交日期不經調整和部分調整股本的約50.4%。第二筆債務結算後,安德森先生擁有和控制了100,216,369股普通股,佔最近提交日期不經調整和部分調整股本的約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 .
根據《國家儀表 62-104 - 收購性要約和發行人要約》和《國家儀表 62-103 - 預警系統和相關收購要約及公司內部人士報告問題》,與安德森先生購買證券相關的預警報告將在公司的 SEDAR+ 檔案下進行提交。
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.
第二次債務結算是爲了結算未清債務,安德森先生打算出於投資目的持有內幕股。根據市場和其他情況,安德森先生可能會在未來通過市場交易、私人協議或其他方式增加或減少對公司證券的所有權、控制或指導。
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.
本新聞稿中描述的證券尚未在美國證券法或任何州證券法下注冊,因此除遵守《美國證券法》和適用州證券法的註冊要求或根據其中的豁免規定以外,在美國境內不得提供或銷售。本新聞稿不構成在任何司法管轄區出售或購買任何證券的要約。
Myke Clark, CEO
Myke Clark,首席執行官
For more information: |
Investor Relations Myke Clark, CEO 416-848-7744 mclark@solaralliance.com |
欲了解更多信息: |
投資者關係 Myke Clark,首席執行官 416-848-7744 mclark@solaralliance.com |
About Solar Alliance Energy Inc. ()
關於太陽聯盟能源公司()
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.
太陽能聯盟是一家專注於商業、公用事業和社區太陽能領域的能源解決方案提供商。我們經驗豐富的太陽能專業團隊減少或消除客戶對不斷上漲的能源成本的脆弱性,提供環境友好的發電方式,並提供負擔得起、一站式的清潔能源解決方案。太陽能聯盟的策略是建立、擁有和運營自己的太陽能資產,同時通過向商業和公用事業客戶銷售和安裝太陽能項目來獲得穩定的收入。該公司目前在紐約擁有兩個正在運營的太陽能項目,並積極尋求機會擴大其所有權渠道。從設計、工程、安裝、所有權到運營/維護,合併的業務模式提供技術和運營協同效應,支持太陽能項目價值鏈上的持續增長。
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.
這份新聞稿中的聲明,除了純粹的歷史信息外,還包括有關公司未來計劃和目標或預期結果的聲明,構成前瞻性聲明。旨在識別前瞻性信息的詞“將”,“預計”和“估計”或其他類似的詞和短語。前瞻性信息受到已知和未知的風險、不確定性和其他因素的影響,這些因素可能會導致公司的實際結果、活動水平、績效或成就與這些前瞻性信息所表達或暗示的結果、活動水平、績效或成就在本質上有所不同。這些因素包括但不限於:與籌集足夠資本的不確定性相關的聲明、投資組合的經濟條件或金融市場的變化、訴訟、立法或其他司法、監管、立法和政治的競爭性發展、技術或操作方面的困難、保持收入增長的能力、執行公司的策略的能力、完成公司當前和積壓的太陽能項目的能力、增加公司的市場份額的能力、高增長的美國太陽能行業、將項目積壓轉化爲收入的能力、預計建築和完成公司太陽能項目的時間、能夠預測和對抗 COVID-19 對公司業務的影響,包括但不限於 COVID-19 對建築業、資本市場條件、勞動力和國際旅行和供應鏈的限制的影響;潛在的企業增長機會和在2024年實現關鍵目標的能力。因此,實際結果可能會與前瞻性陳述中所述的結果有實質性的差異。
"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 及其監管服務提供者(如 TSX Venture Exchange 的政策中所定義的)均不對此發佈的充足性或準確性負責。"