A growing venture focused on innovative solar equipment supply, Three Sixty Solar Ltd (OTCMKTS:VSOLF), announced the appointment of Mr. Mark Mukhija as a member of the board of directors with immediate effect.
CEO Brian Roth expressed excitement about working with Mark and welcomed him to the board of directors. Roth further stated that Mark brings an incredible industrial perspective, which can boost the broad perspective for a growing company. He further stated that high-growth industries such as solar entail a board focusing on value creation. The CEO is confident about shareholders and partners being delighted by the impact that the team would bring to the venture.
A veteran with more than 15 years of industrial experience including roles with mining companies such as Barrick, Teck Resources, BHP Billiton, and TransAlta, Makhija commenced his role as the Head of Sales – North America in June 2023 for Plotlogic, a mining technology company.
He was previously General Manager (Australia) for Motion Metrics, a company working on machine learning and industrial artificial intelligence catering to the mining industry. Makhija managed the business development, P&L, project management as well as logistics of the Motion Metrics (Australia) operations.
A Professional Engineer and graduate of the University of British Columbia, Makhija has been granted 50,000 stock options exercisable for a single common share at a price of $1.00 until July 12, 2025. Three Sixty also announced the resignation of Rob Birmingham from the board of directors.
Three Sixty Solar Ltd announced on the closing of the initial tranche of the previously announced non-brokered private placement, where it issued 1,669,900 units at a price of $0.60 per Unit. This would be for aggregate gross proceeds of $1,001,940.00.
The firm closed an initial tranche of concurrent non-brokered private placement, earlier announced in the news release dated May 19, 2023. Every unit comprises a single common share in the company’s capital as well as a single Share purchase warrant. Every Warrant will entitle the holder to acquire one extra Share at a price of $0.75 per share for 2 years from the closing date of the Offering.
Three Sixty Solar Ltd. is an innovative alternative energy manufacture, design, and sales organization focusing on solar equipment supply to the global marketplace. The company’s premier product line is patent pending SVS series commercial solar tower. As per Statistics MRC, the solar farm sector will grow to about $296 billion by 2028.
Three Sixty Solar’s novel tower concept is a clean energy solution using about 90% less land space than conventional solar farms. The firm can co-locate adjacent to retail, agriculture, homes, and industry. This reduces line loss and maximizes energy delivery in places.