Dejour Raises $10 million, Closes Private Placement.VANCOUVER, British Columbia -- Dejour Enterprises Ltd. (AMEX AMEX See: American Stock Exchange :DEJ DEJ Dermal-Epidermal Junction DEJ Deferred Entry of Judgment (court mandated program for nonviolent drug offenders) DEJ Dentoenamel Junction DEJ Dale Earnhardt, Junior ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:DEJ) (FWB (Fixed Wireless Broadband) See fixed wireless. :D5R): Robert L. Hodgkinson is pleased to announce that Dejour is closing its $2.65 unit private placement subject to exchange approval. The proceeds of CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $10 million represents the single largest individual equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. completed to date by the Company. Dejour's current balance sheet is very strong with net usable working capital in excess of CDN $23 million. Insiders purchased 171,000 units of this issue. Management believes that, based on preliminary development plans for its initial two natural gas discoveries in the Peace River Arch area of Alberta/BC and the anticipated accelerated cash flow expected from their development, the Company will have access to attractive financing strategies, if and when required, that offer greater shareholder leverage to finance ongoing active North American E&P activities and create a capital pool for strategic acquisitions. About Dejour 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 high-impact energy assets and strategically monetizes them through partnerships and co-ventures to limit exposure and enhance returns. 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 VENTURE:TUE Tu´e n. 1. (Zool.) The parson bird. Tue, Tues abbr (= Tuesday) → ma ), with 1.44 million acres in the Athabasca and Thelon Basins, the world's most recognized areas for uranium exploration. Finally, the company is pursuing high-impact natural gas opportunities in Canada's Western Sedimentary Basin, known as the Peace River Arch Projects, comprised of 49,000 gross acres. The Company is listed on the AMEX (DEJ), TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. (DEJ), 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 at investor@dejour.com. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release. Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporations' periodic filings with securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not assume the obligation to update any forward-looking statement. |
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