Day4 Energy Announces Proposed Arrangement; Shares Trading at Year Lows

By MT Newswires,  May 28, 2012, 11:44:58 AM EDT

Day4 Energy Inc. (DFE.TO) announced that Day4 and 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), have entered into an agreement which proposes an arrangement.

Under the arrangement, Day4 will transfer all of its business, assets and operations to 094, in exchange for cash consideration of $500,000 and 094 will assume all of the liabilities of Day4.

DFE is now trading at year low $0.005 with volumes of over 156,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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