21:05:54 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Three Sixty Solar Ltd
Symbol VSOL
Shares Issued 37,291,016
Close 2023-04-19 C$ 0.91
Market Cap C$ 33,934,825
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Three Sixty appoints Parsons to board

2023-04-20 07:34 ET - News Release

Mr. Brian Roth reports

THREE SIXTY APPOINTS GOVERNMENT RELATIONS EXPERT TO BOARD OF DIRECTORS

Three Sixty Solar Ltd. has appointed Ben Parsons as a member of the board of directors with immediate effect.

Mr. Parsons is a political professional and senior federal lobbyist. He advises clients on indigenous rights and recognition, climate and energy, industrial policy, and the regulation of big technology. A former opposition researcher and senior adviser to the federal Liberal caucus, Mr. Parsons is known for his extensive network across politics, government and the news media. Mr. Parsons regularly advises C-suite executives, non-profit directors and elected officials, guiding them to develop and advocate for big, meaningful public policy changes.

Mr. Parsons counsels indigenous communities and some of Canada's largest energy companies on climate policy and the low-carbon energy transition and works on a variety of projects across the clean technology sector that include solar, carbon capture utilization and storage as well as renewable natural gas. In recent years he has advised clients on the Net Zero Accountability Act, the Digital Charter Implementation Act, the Canadian Environmental Protection Act, the Greenhouse Gas Pollution Pricing Act and the Impact Assessment Act.

Company chief executive officer Brian Roth notes: "Ben's background and experience are an excellent fit for our growing organization. His participation in climate and energy policy, including first-hand knowledge of federal funding channels, will benefit Three Sixty Solar and our customers alike. We welcome Ben to the team and look forward to working closely with him."

In connection with the appointment of Mr. Parsons to the board of directors, Mr. Roth has resigned from the company's audit committee and Mr. Parsons has been appointed to fill the vacancy.

The company advises that it has granted Mr. Parsons 50,000 stock options, each being exercisable for one common share of the company at a price of $1 for a period of two years from the date of grant. Additionally, the company announces it has granted 20,000 restricted stock units (RSUs) to a consultant of the company, with each RSU exercisable for one common share of the company. One hundred per cent of the RSUs vest in 15 days.

About Three Sixty Solar Ltd.

Three Sixty Solar is an innovative alternative energy design, manufacture and sales organization which focuses on solar equipment supply to the global marketplace. The company's premier product line is the patent-pending SVS series commercial solar tower. According to Statistics MRC, the solar farm sector is set to grow to around $296-billion by 2028. Three Sixty Solar's unique tower concept is a high-density, clean energy solution that uses up to 90 per cent less land space than conventional solar farms and can co-locate adjacent to homes, retail, agriculture and industry, thus minimizing line loss and maximizing energy delivery in places where renewables have been difficult to install until now. In multitower applications, developers can utilize the spaces between towers to better leverage land assets through additional revenue generating activities. Designed to withstand major instances of extreme weather, Three Sixty Solar offers a clean energy solution with minimal environmental and habitat impact.

We seek Safe Harbor.

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