what a dilution dog. first at 16 cents now at 12 cents Solar Alliance to Close Non-Brokered Private Placement
VANCOUVER, BC--(Marketwired - June 27, 2017) -
** NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES **
Solar Alliance Energy, Inc. ('Solar Alliance') or (the 'Company') (TSX VENTURE: SAN) (OTC: SAENF) advises that further to the news release of April 10, 2017, the Company has received TSX Venture Exchange approval to close a non-brokered private placement of $865,000, consisting of 7,208,333 Units. The Units being issued pursuant to this non-brokered closing were sold at $0.12, with each Unit comprising one (1) common share and one (1) share purchase warrant ("Warrant") with an exercise price of $0.18 and a term of 3 years. The Company shall pay a finder's fee of 300,000 Warrants and certain finder's fees on a portion of the non-brokered financing in cash and Warrants.
All securities issued pursuant to the offering will be subject to a statutory hold period expiring four months and one day after issuance under the offering.
Jason Bak
Chairman and CEO