0950193 B.C. Ltd. Announces Equity Investment in 0944460 B.C. Ltd. (Formerly Called "Day4 Energy Inc.")
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2012) -
NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
0950193 B.C. Ltd. announces that on November 9, 2012, 0950193 B.C. Ltd. acquired an aggregate of 19,269,125 voting common shares of 0944460 B.C. Ltd. (formerly called "Day4 Energy Inc.") (the "Issuer") pursuant to a number of private transactions representing 33.79% of the issued and outstanding voting common shares of the Issuer.
Immediately after the completion of the transactions referred to above, 0950193 B.C. Ltd. exercised control or direction over 19,269,125 voting common shares representing 33.79% of the issued and outstanding voting common shares as at November 9, 2012.
The voting common shares acquired by 0950193 B.C. Ltd. are held for investment purposes. The investment in the shares of the Issuer will be reviewed by 0950193 B.C. Ltd. on a continuing basis and such holdings may be increased or decreased in the future. 0950193 B.C. Ltd. may in the future acquire or dispose of shares of the issue, through the open market, privately or otherwise, as circumstances or market conditions dictate.
With respect to the 19,269,125 voting common shares of 0944460 B.C. Ltd. acquired, 0950193 B.C. Ltd. relies on the private agreement exemption under Section 4.2(1) of Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids. 0950193 B.C. Ltd. is entitled to rely on this exemption because (i) the purchase was not made from more than five persons, (ii) the offer to purchase was not made generally to all holders of voting common shares of 0944460 B.C. Ltd. and (iii) there is a reasonable basis for determining that the value of the consideration paid for such shares is not more than 115% of the value of such shares.
0950193 B.C. Ltd. will file an early warning report pursuant to National Instrument 62-103 "The Early Warning System and Related Take Over Bid and Insider Reporting Issues" describing the above transactions with applicable securities regulatory authorities, a copy of which will be available at www.sedar.com.
The address of 0950193 B.C. Ltd. is #300 - 550 Robson Street, Vancouver, British Columbia V6B 2B7.
FOR FURTHER INFORMATION OR FOR A COPY OF THE EARLY WARNING REPORT, PLEASE CONTACT THE PERSON BELOW.
FOR FURTHER INFORMATION PLEASE CONTACT:
0950193 B.C. Ltd.
(604) 688-7907 (FAX)