Dejour
Completes Second Tranche of Flow Through Financing
October 22, 2009, Vancouver,
Canada.
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.
DEJOUR ENTERPRISES LTD.
598 � 999 Canada Place,
Vancouver, BC Canada
V6C 3E1
Phone:
604.638.5050
Facsimile: 604.638.5051
Email:
investor@dejour.com
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.
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