BURNABY, BC, June 20, 2012 /PRNewswire/ - 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).
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.