Mr. Brian Timmons reports
SOLAR ALLIANCE PROVIDES UPDATE ON OUTSTANDING CONTINUOUS DISCLOSURE FILINGS
Solar Alliance Energy Inc. is unable to file its audited annual financial statements for the fiscal year ended Dec. 31, 2025, together with the related management's discussion and analysis, and chief executive officer and chief financial officer certifications, because the audited financial statements have not been prepared. Accordingly, the company expects that a cease trade order will be issued on Friday, May 1, 2026, whereupon trading on the TSX Venture Exchange will be suspended and shareholders will be prohibited from trading in the company's securities.
The company's ability to effect the audit has been constrained by the company's very tight liquidity, which over the past number of quarters has been primarily focused on project operations. Meanwhile, the company has been, as previously announced, intensively targeting larger-scale project opportunities.
The company is working diligently to undertake the audit of the annual financial statements and effect the related filings as soon as possible, within a reasonable time scale, so as to enable the cease trade order to be revoked and trading in the company's stock to resume. The company will issue further updates by news release as appropriate and intends to file the outstanding documents promptly once they are available.
The company confirms that, other than the matters disclosed in this news release, there is no material information concerning the affairs of the company that has not been generally disclosed.
The company's obligation to disclose material changes continues even while the CTO is in effect, and the company intends to comply with all applicable default reporting requirements under National Policy 12-203, including the issuance of default status reports if required, until the default has been remedied and any applicable CTO has been revoked.
We seek Safe Harbor.
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