Day4 Energy Inc.

Day4 Energy Inc.
DE Solar Holdings GmbH

June 21, 2011 15:04 ET

DE Solar Holdings GmbH Acquires Additional Shares in Day4 Energy Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2011) - On June 17, 2011, DE Solar Holdings GmbH ("DE Solar") acquired an additional 2,520,000 common shares of Day4 Energy Inc. (the "Common Shares"). The acquisition was made pursuant to the Purchase Agreement between ACI ecoTec GmbH ("ACI") and Day4 Energy Inc. ("Day4"). DE Solar received 2,520,000 Common Shares as a working capital adjustment, in respect of the sale of all of the issued and outstanding ACI shares to Day4. The Common Shares were issued at a deemed price of $0.90 per share.

After the acquisition, DE Solar currently owns 9,707,500 common shares of the Day4 representing 22.50% of the current issued and outstanding common shares of Day4.

The Common Shares are listed TSX and were acquired for investment purposes.

DE Solar Holdings GmbH
Schwarzwaldstre.44
78658 Zimmern, Germany

Contact Information

  • Dr.-Ing. Johann Dorner
    +49 (0)741 / 175 115 - 603