Le Lézard
Classified in: Business
Subjects: STOCK/OTHER MARKET NEWS, SHAREHOLDER RIGHTS PLANS

Solar Alliance Announces Grant and Extension of Stock Options


TORONTO and KNOXVILLE, Tenn., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Solar Alliance Energy Inc. (?Solar Alliance' or the ?Company') (TSX-V: SOLR, OTCQB: SAENF) announces that the board of directors of the Company (the "Board") today, granted incentive stock options in accordance with the Company's stock option plan to certain of its directors, officers and employees.

Options to purchase 2,425,000 common shares of the Company have been granted to certain directors and officers of the Company at an exercise price of $.09 per share. These options vest quarterly over a period of one (1) year, with the first 25% of the options vesting on November 5, 2022. The options expire on November 5, 2027. The stock options and any common shares of the Company issuable upon exercise of the stock options will be subject to a statutory hold period lasting four months and one day following the grant date.

The Company also announces that the Board has approved an extension to the expiry date of an aggregate of 1,300,000 stock options (the "Old Options") held by certain non-executive employees of the Company. 1,000,000 Old Options were granted on December 22, 2017, and an aggregate of 300,000 Old Options were granted on January 26, 2018. The original expiry date was five (5) years from the grant date for each of the Old Options. The expiry date for the Old Options will be extended two (2) years such that the amended expiry date will be the date that is seven (7) years from the original grant date (the "Amendment"). The Old Options each have an exercise price of CAD$0.08 per Old Option and the exercise price of the Old Options will not be amended. The Old Options and any common shares of the Company issuable upon exercise of the Old Options will be subject to a statutory hold period lasting four months and one day following the date hereof. The Amendment is subject to TSX Venture Exchange approval.

Myke Clark, CEO


For more information:


Investor Relations
Myke Clark, CEO
416-848-7744
[email protected]  

About Solar Alliance Energy Inc. (www.solaralliance.com)
Solar Alliance is an energy solutions provider focused on residential, commercial and industrial solar installations. The Company operates in Tennessee, Kentucky, North/South Carolina and Illinois and has an expanding pipeline of solar projects. Since it was founded in 2003, the Company has developed $1 billion of renewable energy projects that provide enough electricity to power 150,000 homes. Our passion is improving life through ingenuity, simplicity and freedom of choice. Solar Alliance reduces or eliminates customers' vulnerability to rising energy costs, offers an environmentally friendly source of electricity generation, and provides affordable, turnkey clean energy solutions.

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words "would", "will", "expected" and "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 than those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

"Neither 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."



These press releases may also interest you

at 00:25
Shanghai Junshi Biosciences Co., Ltd ("Junshi Biosciences," HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced its financial...

at 00:24
In the news release, Roborock Reports 2023 Full Year Financial Results, issued 28-Mar-2024 by Roborock over PR Newswire, we are advised by the company that in the first bullet point of "Growth across Product Categories", the USD amount should read...

28 mar 2024
Royal Bank of Canada ("RBC") today announced it has completed the acquisition of HSBC Bank Canada ("HSBC Canada"). "Today marks one of the most exciting times of our 155-year history and a pivotal milestone in our long-term growth story as we...

28 mar 2024
The opening ceremony of the Boao Forum for Asia (BFA) Annual Conference 2024 was held in Boao, south China's Hainan Province on Thursday, with China's top legislator Zhao Leji stressing China's economic potential, appealing to international investors...

28 mar 2024
OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for March 29, 2024. OKX Ventures...

28 mar 2024
Curio Legacy Ventures (Curio), a frontrunner in nuclear technology innovation, proudly announces a strategic partnership with Navarro Research and Engineering, Inc. (Navarro). This collaboration signals a significant step forward in advancing nuclear...



News published on and distributed by: