Day4 Energy Inc.
TSX : DFE

Day4 Energy Inc.

December 06, 2007 08:41 ET

Day4 Energy Inc. Announces Closing of Its Initial Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2007) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Day4 Energy Inc. (TSX:DFE) today announced the completion of its initial public offering of 13,800,000 common shares for gross proceeds of $100,050,000. The offering was underwritten by a syndicate of underwriters led by GMP Securities L.P. and CIBC World Markets Inc., and including Canaccord Capital Corporation, Blackmont Capital Inc. and Raymond James Ltd.

Day4 Energy has also granted the underwriting syndicate an option to purchase up to 2,070,000 additional common shares also at a price of $7.25 per share. The option is exercisable, in whole or in part, within the next 30 days to cover over-allotments, if any, and for market stabilization purposes. If the option is exercised in full, gross proceeds of the initial public offering will be approximately $115,057,500.

Day4 Energy designs, manufactures and sells photovoltaic ("PV") modules exclusively under the Day4 brand. Day4 Energy's PV modules incorporate the company's patented Day4 Electrode technology and are currently built using multi-crystalline silicon PV cells that are manufactured for Day4's exclusive use by third parties in accordance with Day4's proprietary design.

This press release is not an offer to sell or a solicitation of an offer to buy common shares, nor shall there be any sales of the common shares in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The common shares of Day4 Energy have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirement of such Act.

Contact Information

  • Day4 Energy Inc.
    George Rubin
    President and Chief Operating Officer
    (604) 759-3294
    Email: grubin@day4energy.com
    or
    Day4 Energy Inc.
    John Stonier
    Vice President, Finance and Administration
    (604) 759-3294
    Email: jstonier@day4energy.com