Stardust Solar Completes Acquisition of Solar Grids' Assets and Announces Non-Brokered Private Placement of Units
Summary
In addition, finders may receive share purchase warrants entitling them to purchase such number of Shares of the Company, which is equal to 7% of the total number of Units purchased by subscribers introduced to the Company by such finders, each exercisable for a period of 18 months from the closing date of the Offering at a price of $0.20 per Share, all in accordance with the policies of the TSX-V.All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws. The Offering is not subject to a minimum amount of subscriptions.Solar Grids is a leading franchise system that specializes in solar energy installations. The company has built a strong brand presence and customer loyalty among its franchisees, providing solar entrepreneurs with nationwide training, support, and infrastructure.Stardust is a North American franchisor of renewable energy installation services, including solar panels (PV), energy storage systems, and electric vehicle supply equipment. Stardust lends its brand and business management services to entrepreneurs looking to enter the renewable energy industry. In addition, Stardust supports its franchisees with many services from corporate headquarters, including marketing, sales, engineering, plan sets, customer service, and project management.For further information or media requests, please contact: Glen Nelson, Investor Relations and Communications: glen@stardustsolar.com t: (403) 763-9797Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States.