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TORONTO and KNOXVILLE, Tennessee, Dec. 13, 2024 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (“Solar Alliance” or the “Company”) (TSX-V:SOLR)a leading solar solutions provider focused on the commercial and utility solar sectors, is pleased to announce the results of its annual and special general meeting today.
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A total of 98,490,539 votes were cast, representing 33.48% of the issued and outstanding shares in connection with the meeting. The Corporation is pleased to announce that all resolutions put to shareholders in the Corporation’s Management Information Circular (“Circular”) dated 24 October 2024 have been approved by an overwhelming majority, including:
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| (I) | appointing the candidates set forth in the Circular of Ken Stadlin, Anton Shihoff, Robert Miller and Brian Timmons to serve as directors of the Company for the following year; |
| (secondly) | Appointing Kreston GTA LLP as the company’s auditor for the following year, subject to the completion of the contract for their services and the authorization of the directors to determine their remuneration; and, |
| (iii) | 10% Renewal of Stock Option Plan (“Plan”) |
“I would like to thank our shareholders for their continued support. Our strategy of targeting commercial solar projects and higher-revenue solar projects, as well as owning our own solar projects, has created the foundation for a growing, sustainable company that is well positioned to capitalize,” said Brian, CEO. From the current global transition to renewable energy.
Brian Timmons, CEO
About Solar Alliance Energy Inc. (www.solaralliance.com)
Solar Alliance is an energy solutions provider focused on the commercial, utility and community solar sectors. Our experienced team of solar professionals reduces or eliminates customers’ exposure to high energy costs, provides an environmentally friendly source of electricity generation, and provides turnkey, affordable clean energy solutions. Solar Alliance’s strategy is to ultimately build, own and operate our own solar assets while also generating stable revenues through the sale and installation of solar projects to commercial customers and the utility community.
Statements in this press release, other than purely historical information, including statements regarding the Company’s future plans, objectives or expected results, constitute forward-looking statements.
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The words “will,” “will,” “expected,” “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. These factors include, but are not limited to: the ability to complete the Company’s projects on schedule or at all, uncertainties regarding the ability to raise sufficient capital; changes in economic conditions or financial markets; litigation or other competitive judicial, regulatory, legislative or political developments; technological or operational difficulties; Ability to sustain revenue growth; Ability to implement company strategies; the ability to complete the Company’s existing and backlog of solar projects; Ability to grow the company’s market share; The high growth rate of the solar industry in the United States; Ability to convert project backlog into revenue; Expected timing of construction and completion of 1,500 kW solar projects in Kentucky; targeting larger customers; The ability to anticipate and respond to the effects of Coronavirus (COVID-19) should they resurface on the Company’s business, including but not limited to the effects of Coronavirus (COVID-19) on the construction sector, capital market conditions, labor restrictions, international travel, and supply; The Company’s potential growth opportunities and ability to execute key objectives in 2024. Accordingly, actual results may differ materially from those described in the forward-looking statements.
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
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