Dejour to Privately Place C$2
Million Flow-Through Equity
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September 28, 2009 - Vancouver, Canada � Dejour Enterprises Ltd. (NYSE-Amex: DEJ/ TSX:DEJ) ("Dejour") announces
its intent to issue 3,333,333
million flow-through common shares ("Shares") at a price of
C$0.60 per Share, in a non-brokered private placement in Canada, subject to regulatory
hold periods.
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Proceeds from the placement will fund an enhanced 3D survey
and kick off the winter drilling program for the Woodrush oil project
located in the Peace River Arch, BC. At least two oil wells are planned and
have already been permitted for drilling at Woodrush during the 2009/10 winter
drilling season.
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Dejour currently has six wells situated over
several 3D defined features on this acreage. To date, Dejour has a 100%
success rate drilling the seismic features in this field, with a production
capability of 500 BOE/d, roughly 1/3 oil.
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The Company will pay finder fees of 6.5% of the
proceeds in cash. The closing of the placement and the issuance of the
Shares are subject to approval by the TSX and the NYSE Amex.
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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. The TSX does not accept
responsibility for the adequacy or accuracy of this news release.
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).
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