Day4 has struggled using a tricky market in recent months, hurt by oversupply, falling prices and uncertainty concerning the longer term of government subsidies.
Solar power enterprise Day4 Vitality Inc. introduced a system Monday which will see its senior conduit obtain the firm’s assets in exchange for $500,000 and assumption of its liabilities.
The organization will also delist alone from your Toronto Stock Exchange.

Day4 has struggled having a hard market place in new months, harm by oversupply, falling selling prices and uncertainty about the future of government subsidies.
Beneath the bargain introduced Monday, an organization indirectly owned by Day4 chief executive George Rubin and chief money officer Douglas Keast will acquired the assets and liabilities.
Day4 will have no property or liabilities apart from $500,000 hard cash after the deal is shut.
The prepare requires the approval by at least two-thirds with the votes cast by Day4 shareholders and will need to also be permitted through the holders of Day4′s shares aside from all those shares held by George Rubin and Douglas Keast.