TORONTO, Oct. 24, 2023 /PRNewswire/ -- SolarBank Corporation (CSE: SUNN; OTC: SUUNF; FSE: GY2) ("SolarBank" or the "Company") is pleased to announce that it has entered into share purchase agreements (the "SPAs") dated October 23, 2023 to acquire control of two corporations that hold solar projects located in Ontario with a combined capacity of 2.5 MW (the "Projects") for consideration of 278,875 common shares (the "Consideration Shares") of SolarBank (the "Transaction"). The corporations OFIT GM Inc. and OFIT RT Inc. (the "Purchased Entities") have been operating the Projects since 2017.
Read more at newswire.caSolarBank to Acquire 2.5 MW Solar Sites in Ontario
Newswire.ca - Press Release
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