Solar Alliance announces closing of first tranche of private placement
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TORONTO and KNOXVILLE, Tenn., June 27, 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 announce that, further to its news release of May 14, 2024, it has closed the first tranche (the “First Tranche”) of its 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”). An aggregate of 4,000,000 Units were sold under the First Tranche for total gross proceeds of C$200,000.