TSX-V: "DJE"/OTC BB:"DJEEF"
VANCOUVER, April 24 /CNW/ - Dejour Enterprises Ltd. ("Dejour") (TSX-V:
"DJE", OTCBB: "DJEEF") Robert L. Hodgkinson, Chairman & CEO announces that
Dejour Enterprises Ltd. has agreed to raise up to CDN$21.2 M through a
non-brokered private placement of 8 million units at CDN$2.65 per unit, with a
green shoe provision to increase the offering by 25%, subject to regulatory
Each unit comprises of one common share and one half common share
purchase warrant. Each full warrant is exercisable into one common share at
CDN$3.35 per share for 2 years. The Company will have the right to call early
exercise of the warrants should the closing price of the Company's common
shares equal or exceed CDN $5.00 for 10 consecutive trading days.
Dejour has agreed to pay a finders' fee of 6% in cash of the amount
raised and issue to agents a compensation option equal to 7% of the units
sold, where applicable, exercisable into common shares at CDN$3.35 per share
until 31 December, 2008, with the same call provision as the purchase warrants
Pursuant to private placement regulations, a four month "hold" period
will apply to all securities to be issued, commencing from date of closing,
expected on or before 25 May 2007.
Funds will be utilized for continued development of the Company's North
American energy holdings, to fund potential acquisitions and for working
Dejour Enterprises Ltd. is a micro cap Canadian company focused on oil &
gas exploration and production with a significant investment in uranium
discovery. The company acquires and exploits high-impact energy exploration
assets, strategically monetizes them through development, partnerships and
co-ventures targeting risk minimization and return maximization.
Dejour has significant holdings in three of the world's premiere energy
resource regions. This includes 288,000 gross (60,000 net) acres in the
Piceance and Uinta Basins, a vast natural gas play in North America and a
major interest in Titan Uranium Inc. (TSX-V: TUE), with 1.44 million acres of
uranium exploration lands in northern Canada's Athabasca and Thelon Basins.
Finally, the Company is developing multiple opportunities including a recently
reported discovery, in the Peace River Arch, Western Canada's most prolific
exploration area, with interests in over 45,000 acres of oil and gas leases.
The Company is listed on the TSX Venture Exchange (DJE.V), OTCBB (DJEEF),
and Frankfurt (D5R). Dejour is a reporting issuer to the SEC. Refer to
www.dejour.com for company details or contact the Office of Investor Relations
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release.
For further information:
For further information: Robert L. Hodgkinson, Chairman & CEO, DEJOUR
ENTERPRISES LTD., Suite 1100-808 West Hastings Street, Vancouver, BC, Canada,
V6C 2X4, Phone: (604) 638-5050, Facsimile: (604) 638-5051, Email: