VANCOUVER, British Columbia--(Business Wire)--
Dejour Enterprises Ltd. (NYSE AMEX:DEJ/TSX:DEJ) announces that it has closed the
second tranche of its $2,000,000 non-brokered private placement announced on
September 28, 2009 through the sale of flow through shares at C$0.60 each for
gross proceeds of C$225,000, and the sale of 375,000 shares to a leading
Canadian private client firm specializing in high yield products. Total gross
proceeds for the two tranches are C$1,601,000. The Company paid finders' fees of
up to 6.5% of the proceeds in cash in connection with this sale.
The Company is in its final stages of closing the balance of the placement. This
flow-through share private placement is for Canadian investors only.
This announcement does not constitute an offer to sell, nor is it a solicitation
of an offer to buy, securities. The shares have not been registered under the
United States Securities Act of 1933, as amended (the "Securities Act") or the
securities laws of any other jurisdiction, and may not be offered or sold in the
United States without registration under, or an applicable exemption from, the
registration requirements of the Securities Act.
About Dejour
Dejour Enterprises Ltd. is a high growth oil and natural gas company operating
multiple exploration and production projects in North America`s Piceance / Uinta
Basins (128,000 net acres) and Peace River Arch region (15,000 net acres).
Dejour`s veteran management team has consistently been among early identifiers
of premium energy assets, repeatedly timing investments and transactions to
realize their value to shareholders' best advantage. Current production is from
less than 4000 acres of the Company's 143,000 net acres of landholdings.
Dejour, headquartered in Vancouver, Canada, maintains operations offices in
Denver, Colorado and Calgary, Canada. The company is publicly traded on the New
York Stock Exchange Amex (NYSE- Amex: DEJ) and Toronto Stock Exchange (TSX:
DEJ). http://www.dejour.com.
The TSX does not accept responsibility for the adequacy or accuracy of this news
release.
This release contains forward-looking information and statements, as defined by
law including without limitation Canadian securities laws and the "safe harbor"
provisions of the US Private Securities Litigation Reform Act of 1995
("forward-looking statements"), respecting the Company`s plans and intentions
with respect to this private placement and the plans, intentions, beliefs and
current expectations of the Company, its directors, or its officers with respect
to the future business, well drilling and operating activities and performance
of the Company. Forward-looking statements involve risks, uncertainties and
other factors that may cause actual results to be materially different from
those expressed or implied by the forward-looking statements, including without
limitation the ability to obtain government and other necessary approvals;
dependence on third parties for services; non-performance by contractual
counterparties; the risks associated with the oil and gas industry (e.g.
operational risks in development; exploration and production; delays or changes
in plans with respect to exploration or exploration projects or capital
expenditures; the ability to obtain financing on satisfactory terms: the
uncertainties of reserves estimates; the uncertainty of estimates and
projections relating to production, costs and expenses, safety and environmental
risks), commodity price, price and exchange rate fluctuation and uncertainties
from potential delays or changes in plans with respect to exploration or
development projects or capital expenditures. Forward-looking statements are
based on a number of assumptions that may prove to be incorrect, including
without limitation assumptions about: general business and economic conditions;
the timing and receipt of required approvals; and ongoing relations with
employees, partners and joint venturers. The foregoing list is not exhaustive
and we undertake no obligation to update any of the foregoing except as required
by law.Important additional factors are described in the Company's period
reports and other filings with the Canadian Securities Commissions which may be
viewed at sedar.com and with the Securities and Exchange Commission which may be
viewed at the Commission's website at http://www.sec.gov.
Dejour Enterprises Ltd.
Robert L. Hodgkinson, 604-638-5050
Chairman & CEO
Facsimile: 604.638.5051
investor@dejour.com
Copyright Business Wire 2009
