VANCOUVER, March 3 /PRNewswire-FirstCall/ -- Dejour Enterprises Ltd. has agreed to privately place 1,366,700 units at $1.50 per unit, subject to regulatory approval. Each unit comprises of one common share and one half common share purchase warrant. Each whole warrant is exercisable into one common share at $1.65 per share until December 31, 2007. The Company has the right to trigger early exercise of the warrants should the closing price of the Company share be equal to or exceed $2.50 for seven consecutive trading days.
Dejour has agreed to pay a finders' fee of up to 6% in cash and/or provide a finders' warrant of up to 6% of the shares/units placed, where applicable, subject to regulatory approval. The finders' warrant will have the same terms as those issued as part of the units.
Uses of funds are for:
- Furthering development of its oil and gas prospects in North America
- Creation of a reserve for funding further acquisitions
- Supplementing working capital
About Dejour Enterprises Ltd.
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Dejour Enterprises Ltd. is a micro-cap Canadian energy company developing high impact exploration and development opportunities in the current energy super cycle. The Company's focus is uranium and oil & gas. The Company is listed on the TSX Venture Exchange under the symbol (TSX-V:DJE). Refer to http://www.dejour.com/ for company details or contact the Office of Investor Relations at
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
Robert L. Hodgkinson, Chairman & CEO, DEJOUR ENTERPRISES LTD.,
Suite 1100 - 808, West Hastings Street, Vancouver, BC, V6C 2X4 ,
Phone: (604) 638-5050, Facsimile: (604) 638-5051, Email:
