Solar Alliance announces closing private placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 31 2024
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Source: Globenewswire
Private Placement Completion: Solar Alliance Energy Inc. has successfully closed the third tranche of its non-brokered private placement, raising C$50,000 from the sale of 1,000,000 units at C$0.05 each, contributing to total gross proceeds of C$700,000 from the offering.
Use of Proceeds and Regulatory Compliance: The funds will be used for general corporate purposes, and the offering is subject to necessary approvals from the TSX Venture Exchange and other regulatory authorities, with securities issued not being subject to a hold period under Canadian laws.
Analyst Views on SOLR
Wall Street analysts forecast SOLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SOLR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 32.815
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Current: 32.815
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
