Solar Alliance Advances with Successful Funding Round

Solar Alliance Energy (TSE:SOLR) has released an update.

Solar Alliance Energy Inc. has successfully closed the first segment of a non-brokered private placement, raising C$200,000 with the sale of 4 million units at C$0.05 each. With an extension granted until July 22, 2024, the company plans to use the proceeds for general corporate purposes and anticipates completing additional funding rounds. The units, available through a listed issuer exemption, come with warrants allowing purchase of additional shares at C$0.07 within a 36-month period post-closing.

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