Dejour Signs Engagement with Macquarie Private Wealth Inc. for $1.5mm in Flow Through Financing
Dejour Enterprises Ltd. (NYSE AMEX:DEJ/TSX:DEJ)
(the 'Company? or 'Dejour?) announces that it has engaged Macquarie
Private Wealth Inc., as agent (the 'Agent?), subject to completion of
due diligence, for a private placement on a commercially reasonable
efforts basis of up to C$1,500,000 in common shares of the Company to be
issued on a 'flow-through? basis pursuant to the provisions of the
Income Tax Act (Canada) at a price of C$0.38 per share, subject to a
mandatory 4 month hold period. This private placement is expected to
close on or about December 17, 2010.
Insiders or affiliates of Dejour may purchase a portion of this offering.
The Company has agreed to pay the Agent a cash commission equal to 6% of
the gross proceeds raised, and will grant the agent an option to
purchase that number of non-flow-through common shares of the Company
equal to 6% of the number of shares sold under this private placement,
at an exercise price of $0.38 per share for a period of 12 months after
the closing date.
Funds will be spent primarily at the Company's Woodrush oil and gas
project in NE BC, with the expenditures qualifying for CEE renounced by
Dejour to the purchasers.
This flow-through share private placement is available to 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 an independent oil and natural gas company
operating multiple exploration and production projects in North
America′s Piceance Basin (107,000 net acres) and Peace River Arch
regions (20,000 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. Dejour maintains offices in Denver,
USA, Calgary and Vancouver, Canada. The company is publicly traded on
the New York Stock Exchange Amex (NYSE - Amex: DEJ) and Toronto Stock
Exchange (TSX: DEJ).
The TSX does not accept responsibility for the adequacy or accuracy
of this news release.
Dejour Enterprises Ltd.
Robert
L. Hodgkinson, Co-Chairman & CEO
598 ? 999 Canada Place,
Vancouver,
BC Canada V6C 3E1
Phone: 604-638-5050 Facsimile: 604-638-5051
investor@dejour.com
or
Investor
Relations ? New York
Craig Allison, 914-882-0960
callison@dejour.com
