Solar Alliance Energy (TSE:SOLR) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into TSE:SOLR stock, check out TipRanks’ Stock Analysis page.