Brief: Solar Alliance provides additional information on Tennessee acquisition LOI
11/07/2017 11:00
July 11 (Reuters) - Solar Alliance Energy Inc SAN.V :
* Solar Alliance provides additional information on
Tennessee acquisition LOI
* Solar Alliance Energy - pursuant to LOI, announced July
10, 2017, co will acquire all of assets of aries, including
pipeline of commercial projects
* Solar Alliance Energy - anticipates projects in pipeline
be financed through variety of third party mechanisms, for
equipment, other costs of goods
* Solar Alliance Energy Inc - will be required to cover
payroll costs associated with new aries team once acquisition is
complete
* Solar Alliance Energy Inc - does not anticipate a
material funding requirement to move projects through various
development stages to installation
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