Solar Alliance announces closing private placement

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TORONTO and KNOXVILLE, Tenn., July 31, 2024 (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 industrial solar sector, is pleased to announced that, further to its news release of May 14, 2024, June 27, 2024 and July 19, 2024, it has closed the third and final tranche (the “Third Tranche”) of its non-brokered private placement of 14,000,000 units of the Company (the “Units”) at a price of C$0.05 per Unit for gross proceeds of C$700,000 (the “Offering”). An aggregate of 1,000,000 Units were sold under the Third Tranche for Third Tranche gross proceeds of C$50,000.

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