Brief: Solar Alliance signs letter of intent to acquire U.S. solar assets

Solar Alliance Energy

04/04/2017 13:00

April 4 (Reuters) - Solar Alliance Energy Inc  SAN.V - 
    * Solar Alliance signs letter of intent for acquisition of 
U.S. Solar assets 
    * Solar Alliance Energy - as per loi, co will acquire 
seller's team of employees and acquire seller's pipeline of 
in-process residential solar projects 
    * Company anticipates that acquisition will materially 
increase revenues and net income at solar alliance 
    * Solar Alliance Energy - pursuant to loi, co will acquire 
seller's team of employees, acquire seller's pipeline of 
in-process residential solar projects 
    * Solar Alliance Energy Inc - in consideration for assets, 
Solar Alliance will pay up to us$2 million in contingent 
payments 
 
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