Three Sixty Solar Ltd. (VSOL) (VSOLF) (“Three Sixty Solar,”), an innovative alternative energy design, manufacture, and sales organization focussed on solar equipment supply to the global marketplace is pleased to announce the appointment of Mr. Andrew Sills to its advisory board.
Three Sixty Solar’s CEO, Brian Roth notes, “I’m delighted to have Andrew join our advisory board. We believe his wealth of knowledge within the power industry and his strategies for expanding our technology deployment will integrate as key drivers aimed at ensuring successful commercial growth. The inclusion of Andrew and his industry network is a big step forward towards unlocking value creation as we move ahead with our strategic plan to implement a minimum of 500 MW of installed power generation capacity over the next five years.”
Mr. Sills is a respected and well-connected individual throughout the power industry in Canada, the US, and abroad. He brings more than 20 years of executive leadership experience in power engineering and possesses a deep knowledge of power systems integration that will be critical for the continued development and evolution of Three Sixty Solar’s pioneering utility towers. His extensive network offers the potential to develop strategic opportunities for Three Sixty to expand and propel its reach and help provide impetus towards commercial roll-out and corporate growth. As a part owner of energy industry participants Black Powder Ltd. (https://blackpowderltd.com/) and Mojek Resources (https://mojekresources.com/), he brings an immediate pipeline of project opportunities that can mutually benefit both Three Sixty and his related businesses interests.
His career encompasses practical experience in greenfield and brownfield project development, construction, maintenance, operations, and turnarounds. He has demonstrated a strong ability to multi-task with numerous businesses, projects, and developments around the globe. His proven communication, negotiating and challenge resolution skills have repeatedly served as communication liaison between countries, first nations, board members, shareholders, public and corporate developments. He brings expertise specifically focused on performance design, economics, engineering, construction, and commissioning of facilities. He insists on a collaborative approach to business development to ensure win/win outcomes. He is highly adept at critical analysis and ability to apply performance criteria to any proposal, design, or operation and is proficient in risk assessments, operational assessments, quality assurance & quality control management. He further brings a commitment to health, safety, and environmental compliance at the forefront of all business planning. Mr. Sills is a passionate entrepreneur, investment advisor and development officer for products & service-based businesses, who has built, owns, and operates energy sector transfer ventures and industrial owner/operator ventures.
The advisory agreement has a 12-month term, with renewal options subject to the agreement of both parties.
The Company further announces it has granted an aggregate of 350,000 options to purchase common shares (the “Options”) and 350,000 restricted share units (“RSUs”) to certain directors, officers, and consultants of the Company. The Options vest immediately, and each Option is exercisable by the holder for one common share at a price of $0.62 until October 25, 2024. Each RSU is subject to a vesting period of 75 days from the date of grant. The Options and RSUs may not be exercised or converted into common shares until the Company’s stock option plan and restricted share unit plan have received the respective approvals by the shareholders of the Company.
