Business
Solar Alliance Shareholders Approve All Resolutions at Annual General Meeting
VANCOUVER, BC and KNOXVILLE, TN / ACCESSWIRE / January 31, 2020 / Solar Alliance Energy Inc. ...
About this update from Solar Alliance Energy Inc.
[{"type":"text","content":"Solar Alliance Shareholders Approve All Resolutions at Annual General MeetingVANCOUVER, BC and KNOXVILLE, TN / ACCESSWIRE / January 31, 2020 / Solar Alliance Energy Inc. (\"Solar Alliance\" or the \"Company\") (TSXV:SOLR)(OTC:SAENF) is pleased to announce the results of its Annual and Special General Meeting today. All resolutions were approved by shareholders, including:(i) the shareholders voted in favour of appointing the nominees set forth in the Company's information circular of Jason Bak, Ken Stadlin, Anton Shihoff, Robert Miller and Michael Clark to serve as Directors of the Company for the ensuing year and to increase the number of directors to five;(ii) Morgan & Company LLP was reappointed as auditors of the Company; and,(iii) the Company's rolling 10% stock option plan was approved.\"I would like to thank shareholders for their continued support as we work to create a nationally-recognized brand that delivers benefits to the environment, customers and shareholders,\" said CEO Myke Clark. \"The Solar Alliance team made significant progress in 2019 and the prospects for 2020 are exciting. We have reduced overhead at the corporate level to ensure resources are appropriately allocated to delivering new business and moving projects through the pipeline. We have also increased our focus on developing strategic partnerships that allow for expansion in a cost-effective manner, increasing profit margins on individual projects and driving towards overall company profitability.\"The Company also announces that it has received TSX Venture Exchange approval to extend the expiry dates of three groups of share purchase warrants (\"Warrants\"): Group one is 2,783,333 outstanding Warrants with an original expiry date of February 28, 2020 that has been extended to February 28, 2022. Group two is 1,070,000 outstanding Warrants with an original expiry date of March 14, 2020 that has been extended to March 14, 2022. The third group is 11,121,265 outstanding Warrants with an expiry date of April 8, 2020 that has been extended to April 8, 2022. The exercise price on the Warrants will not change from $0.05. The Company has received approval and has issued a total of 2,233,333 common shares, at a price of $0.05 per share, to two companies controlled by officers of the Company as settlement of an aggregate of $111,666.65.Myke Clark, CEOFor ...