Solar Alliance Plans to Extend Warrant Expiry Dates and Settle Fees for Shares and Appoint New CFO

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Jan 27, 2020
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VANCOUVER, BC and KNOXVILLE, TN / ACCESSWIRE / January 27, 2020 / Solar Alliance Energy Inc. ("Solar Alliance" or the "Company") (TSXV:SOLR, Financial)(OTC:SAENF) has applied to the TSX Venture Exchange (the ‘Exchange') to amend the expiry dates of three groups of outstanding common share purchase warrants ("Warrants'). The exercise price on the Warrants will not change from $0.05. Group one is 2,783,333 outstanding Warrants issued pursuant to a private placement that closed on February 28, 2019. The original expiry date of these Warrants would have been February 28, 2020 and the amended expiry date will be February 28, 2022. Group two is 1,070,000 outstanding Warrants issued pursuant to a private placement that closed on March 14, 2019. The original expiry date of these Warrants would have been March 14, 2020 and the amended expiry date will be March 14, 2022. The third group is 11,121,265 outstanding Warrants issued pursuant to a private placement that closed on April 8, 2019. The original expiry date of these Warrants would have been April 8, 2020 and the amended expiry date will be April 8, 2022