Solar Alliance announces closing of second tranche of private placement

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TORONTO and KNOXVILLE, Tenn., July 19, 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 that, further to its news release of May 14, 2024 and June 27, 2024, it has closed the second tranche (the “Second 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 9,000,000 Units were sold under the Second Tranche for Second Tranche gross proceeds of C$450,000.

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