Vancouver, Canada, April 6, 2018 – Solar Alliance Energy Inc. (‘Solar Alliance’ or the ‘Company’) (TSX-V: SOLR) has applied to the TSX Venture Exchange (the ‘Exchange’) to amend the expiry date of the balance of a total of 6,506,900 outstanding common share purchase warrants issued pursuant to a private placement that closed on May 9, 2016. The exercise price will not change from $0.10. The original expiry date of these warrants would have been May 9, 2018 and the amended expiry date will be May 9, 2020.
The Company has also applied to the Exchange to amend the price of a total of 8,064,332 outstanding common share purchase warrants issued pursuant to a private placement closed on April 25, 2017 with a three-year term and an original exercise price of $0.25. The amended exercise price will be $0.18 to bring it in line with the share purchase warrant included in the unit in the second tranche of the same offering that closed on June 27, 2017.
The proposed amendments to both issues of warrants are subject to the acceptance by the Exchange.
Jason Bak, Chairman and CEO
Solar Alliance is a sales, marketing and development company focused on residential, commercial and industrial solar installations. Since we were founded in 2003, we have developed wind and solar projects that provide enough electricity to power 150,000 homes. Solar Alliance is committed to an exceptional customer experience, effective marketing campaigns and superior lead generation in order to drive sales and generate value for shareholders. Our passion is improving life through ingenuity, simplicity and freedom of choice. We make solar simple and our goal is to install solar on every available rooftop in America.
About Solar Alliance Energy Inc. (www.solaralliance.com)
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: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.
“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.”