Day4 Energy Inc. (“Day4” or the “Company”) (TSX: DFE), a leading global provider of solar photovoltaic (PV) products and solutions, announces that it has received notice from the Toronto Stock Exchange (the “TSX” or the “Exchange”) that the TSX is reviewing the eligibility for continued listing of the Company’s securities on the Exchange.
The Company is being reviewed under the TSX’s Remedial Review Process and has been granted 120 days to comply with all the TSX requirements for continued listing. If the Company is unable to demonstrate on or before August 13, 2012 that it meets all TSX requirements for continued listing, the securities will be delisted 30 days from such date.
The TSX initiated its delisting review pursuant to the continued listing criteria and as a result of the Company’s financial condition. Day4 is pursuing financing and strategic alternatives to resolve its current financial situation.