DEJOUR ENTERPRISES
LTD.: AMEX:
“DEJ”/TSX-V: “DEJ”
FOR
RELEASE:
May
24, 2007
Dejour Raises
$10 million, Closes Private Placement
May 24, 2007 - Vancouver, Canada – Dejour Enterprises Ltd. (DEJ:AMEX, DEJ:TSX-V, and
D5R: Frankfurt) - 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 $ 10
million, represents the single largest individual equity
financing 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-V: TUE), 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 (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.
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: investor@dejour.com
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