$SNPW Sun Pacific Holding Corp Provides Update on
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Posted On: 05/08/2020 8:14:09 AM
$SNPW Sun Pacific Holding Corp Provides Update on Company Filing Status, Operations, and Projects
MANALAPAN, N.J., May 06, 2020 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) provides an update on the Company filing status, operations and projects.
By May 14, 2020 the Sun Pacific anticipates filing its Form 10-K for fiscal year ending 2019, including its audited financials and management discussion and analysis of the Company’s results.
On April 30, 2020, the remaining warrants, as part of a convertible debt issuance between the Sun Pacific Holding Corp and EMA and Auctus expired. This brings to a conclusion the conversions of convertible debt and warrants held by EMA and Auctus for common stock in the Company which had been exerting pressure on the common shares of the company due to the high levels of conversions and subsequent sales of its common stock share price.
Sun Pacific Holding Corp subsidiary proposed solar project in Durango also continues to make forward progress. The proposed solar farm to be located in Durango, Mexico has been expanded to 50 Megawatts. Power Purchase agreements and letters of intent with future users have been entered into that exceed the operating capacity of the proposed solar farm. Proforma financial information and plans for up to $90 million in funding have been circulated to several interested parties for review and due diligence with the Company through a wholly owned subsidiary has proposed an increase in its initial ownership equity position of thirty five percent of the project’s operating company as part of its development efforts.
https://finance.yahoo.com/news/sun-pacific-ho...10253.html
MANALAPAN, N.J., May 06, 2020 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (Other OTC: SNPW) provides an update on the Company filing status, operations and projects.
By May 14, 2020 the Sun Pacific anticipates filing its Form 10-K for fiscal year ending 2019, including its audited financials and management discussion and analysis of the Company’s results.
On April 30, 2020, the remaining warrants, as part of a convertible debt issuance between the Sun Pacific Holding Corp and EMA and Auctus expired. This brings to a conclusion the conversions of convertible debt and warrants held by EMA and Auctus for common stock in the Company which had been exerting pressure on the common shares of the company due to the high levels of conversions and subsequent sales of its common stock share price.
Sun Pacific Holding Corp subsidiary proposed solar project in Durango also continues to make forward progress. The proposed solar farm to be located in Durango, Mexico has been expanded to 50 Megawatts. Power Purchase agreements and letters of intent with future users have been entered into that exceed the operating capacity of the proposed solar farm. Proforma financial information and plans for up to $90 million in funding have been circulated to several interested parties for review and due diligence with the Company through a wholly owned subsidiary has proposed an increase in its initial ownership equity position of thirty five percent of the project’s operating company as part of its development efforts.
https://finance.yahoo.com/news/sun-pacific-ho...10253.html
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