VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/29/11 -- Wangs Brother Motor Company Ltd. ("Wangs Brother") of 205 Tun Hwa N. Rd., Taipei, Taiwan is issuing this press release pursuant to the early warning requirements of applicable securities laws in Canada with respect to Day4 Energy Inc. (the "Company").
On December 29, 2011, Wangs Brother acquired 6,320,287 common shares of the Company (the "Shares") following completion by the Company of the second and final tranche of the private placement announced on November 14, 2011. The Shares acquired today represent approximately 11% of the issued and outstanding Shares. Wangs Brother now has direct ownership and control over 11,349,125 Shares, representing approximately 19.9% of the issued and outstanding Shares following completion of the private placement. The Shares were acquired for an aggregate subscription price of $1,066,864 or approximately $0.17 per Share.
Wangs Brother holds the Shares for investment purposes and may, depending on market and other conditions, acquire additional securities of the Company or dispose of all or any of its Shares, through market transactions, private agreements or otherwise. Section 2.10 of National Instrument 45-106 - Prospectus and Registration Exemptions was relied on for the issuance of the Shares in connection with the private placement.
A copy of the early warning report filed by Wangs Brother may be obtained on www.sedar.com or by contacting the Company at the address set forth below.
Contacts:
Day4 Energy Inc. - Investor Relations and Media Contact
Justin Lacey
Director of Marketing and Communications
(604) 297-0449
jlacey@day4energy.com
