Solar Alliance signs Letter of Intent to acquire Canadian solar company in transformative transaction

TORONTO and KNOXVILLE, Tenn., May 18, 2023 (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 utility solar sectors, is pleased to announce that it has entered into an arm’s length Letter of Intent dated May 16, 2023 (“LOI”) to acquire a growing, profitable Canadian solar company (the “Target”) in a predominantly share-based transaction (the “Transaction”).

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