BURNABY, BC, June 20, 2012 /CNW/ - Day4 Energy Inc. ("Day4" or the
"Company") (TSX: DFE), announces that at this time it has received
Support Agreements from shareholders representing approximately 30.0%
of the issued and outstanding common shares of the Company, whereby
such shareholders have agreed to vote in favour of the previously
announced arrangement transaction. Under the arrangement, all assets
and liabilities of Day4 will be transferred to 0941212 B.C. Ltd., a
company indirectly owned and controlled by George Rubin (President and
CEO of Day4) and Douglas Keast (Executive Vice-President and CFO of
Day4 shareholder approval will be sought at the annual and special
meeting currently scheduled for June 27, 2012. Subject to satisfaction
of all conditions, including court approval, completion of the
Arrangement is expected to occur on June 29 or such later date as Day4
may announce by press release.
About Day4 Energy
Day4 is a Canadian company dedicated to providing high performance
photovoltaic (PV) solutions for residential, commercial and utility
scale installations. By fundamentally improving on the design and
assembly of solar cells and modules, the Company produces unique PV
panels of high power density, increased lifetime and uncompromised
aesthetic appearance. Day4 partners with international technology
leaders to develop and deliver IEC- and UL-certified solar products to
customers around the world. Day4 Energy is listed on the TSX under the
symbol "DFE". For more information, please visit www.day4energy.com.
SOURCE Day4 Energy Inc.
For further information:
President and CEO
Day4 Energy Inc.
(604) 296 0422