Three Sixty Solar Announces Private Placement Closing of First Tranche
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VANCOUVER, British Columbia, April 30, 2024 (GLOBE NEWSWIRE) — Three Sixty Solar Ltd. (Cboe CA: VSOL) (OTC: VSOLF) (“Three Sixty,” “Three Sixty Solar,” or the “Company”) is pleased to announce it has closed the first tranche of a private placement (the “Private Placement”) of units of the Company (the “Units”) at a price of $0.15 per Unit. Each Unit consists of one common share in the capital of the Company (a “Share”) and one half of one Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share (a “Warrant Share”) at a price of $0.50 per Warrant Share for a period of 24 months from the date of issuance. The total size of the Private Placement is up to the sale of 3,333,334 Units for aggregate gross proceeds of up to approximately $500,000.