Three Sixty Solar Announces Private Placement Closing of First Tranche
April 30 2024 - 1:54PM
Three Sixty Solar Ltd. (Cboe CA: VSOL) (OTC:
VSOLF) (“
Three Sixty,” “
Three
Sixty Solar,” or the “
Company”) is
pleased to announce it has closed the first tranche of a private
placement (the “
Private Placement”) of units of
the Company (the “
Units”) at a price of $0.15 per
Unit. Each Unit consists of one common share in the capital of the
Company (a “
Share”) and one half of one Share
purchase warrant (each whole warrant, a
“
Warrant”). Each Warrant entitles the holder
thereof to purchase one additional Share (a “
Warrant
Share”) at a price of $0.50 per Warrant Share for a period
of 24 months from the date of issuance. The total size of the
Private Placement is up to the sale of 3,333,334 Units for
aggregate gross proceeds of up to approximately $500,000.
All securities issued in connection with the
first tranche of the Private Placement are subject to a statutory
hold period in accordance with applicable securities legislation.
The Company will use the proceeds from the sale of the Units for an
investor awareness campaign, payment of outstanding liabilities and
for general working capital.
The securities being offered have not been, nor will they be,
registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States or to,
or for the account or benefit of, U.S. persons absent registration
or an applicable exemption from the registration requirements. This
news release will not constitute an offer to sell or the
solicitation of an offer to buy nor will there be any sale of the
securities in any State in which such offer, solicitation or sale
would be unlawful.
All references to currency in this news release
are to Canadian currency. The Private Placement remains subject to
final approval of the Cboe Canada Inc. stock exchange.
On Behalf of the Board of Directors,
--Brian Roth--
Brian RothChief Executive Officer & Director Three Sixty
Solar Ltd. www.threesixtysolar.com
About Three Sixty Solar Ltd.
(NEO: VSOL)
Three Sixty Solar Ltd. is an all-Canadian
enterprise which focuses on solar equipment supply to the global
market. The company’s premier product line is the patent pending
SVS series commercial solar tower. According to Statistics MRC, the
solar farm sector is set to grow to around $296 billion by 2028.
Three Sixty Solar’s unique tower concept is a high density, clean
energy solution that uses up to 90% less land space than
conventional solar farms and can co-locate adjacent to homes,
retail, agriculture, and industry, thus minimizing line loss and
maximizing energy delivery in places where renewables have been
difficult to install until now. In multi-tower applications,
developers can utilize the spaces between towers to better leverage
land assets through additional revenue generating activities.
Designed to withstand major instances of extreme weather, Three
Sixty Solar offers a clean energy solution with minimal
environmental and habitat impact. To find our more, visit:
www.threesixtysolar.com and please watch our video. To stay
informed, please sign up to receive news alerts and follow us on
Instagram (@threesixtysolar.vsol), Twitter (@ThreeSixtySolar), and
Facebook (@threesixtysolar.vsol).
CONTACT INFORMATION
Three Sixty Solar Ltd.
Investor RelationsEmail: investors@threesixtysolar.com
Telephone: +1 (778) 383-6743
Sales & InquiriesEmail: info@threesixtysolar.com Telephone:
+1 (877) 684-1972
Cautionary Statement Regarding
“Forward-Looking” Information
This news release includes “forward-looking
statements” and “forward-looking information” within the meaning of
Canadian securities legislation. All statements included in this
news release, other than statements of historical fact, are
forward-looking statements including, without limitation,
statements related to the Private Placement and the use of proceeds
for the Private Placement.
Forward-looking statements and information can
be identified by the use of words such as “plans”, “expects”,
“intends”, “is expected”, “potential”, “suggests” or variations of
such words or phrases, or statements that certain actions, events
or results “may”, “could”, “should”, “would”, “might” or “will” be
taken, occur or be achieved. Forward-looking statements and
information are not historical facts and are subject to a number of
risks and uncertainties beyond Three Sixty’s control. Actual
results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking
statements contained in this news release. Accordingly, readers
should not place undue reliance on forward-looking statements. The
Company undertakes no obligation to update publicly or otherwise
revise any forward-looking statements, except as may be required by
law.
VanEck ETP (EU:VSOL)
Historical Stock Chart
From Oct 2024 to Nov 2024
VanEck ETP (EU:VSOL)
Historical Stock Chart
From Nov 2023 to Nov 2024