tiprankstipranks
Solar Alliance Finalizes Share-Based Debt Settlements
Company Announcements

Solar Alliance Finalizes Share-Based Debt Settlements

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

Don't Miss our Black Friday Offers:

Solar Alliance Energy Inc. has completed two debt settlements by issuing shares to directors and an insider, Tom Anderson, to resolve accrued liabilities and loans, aiming to conserve cash for working capital. The transactions, which are subject to TSX Venture Exchange approval, have been treated as related party transactions but fall within exemption thresholds, thereby not requiring formal valuation or minority shareholder approval.

For further insights into TSE:SOLR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskSolar Alliance Lands Major Solar Project in Kentucky
TipRanks Canadian Auto-Generated NewsdeskSolar Alliance Appoints New CEO for Growth Phase
TipRanks Canadian Auto-Generated NewsdeskSolar Alliance Celebrates Profitable H1 in 2024
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App