Dejour
Enterprises Ltd. (TSX-V: DJE, TSX-V: DJE.WT, OTC: DJEEF)
Shares Issued: 44,999,943
Last Close: 3/03/2006 – CAN$1.47
March 3,
2006 – News Release
Dejour
Enterprises Ltd. has agreed to privately place 1,366,700 units at $1.50 per
unit, subject to regulatory approval. Each unit comprises of one common share
and one half common share purchase warrant. Each whole warrant is exercisable
into one common share at $1.65 per share until December 31, 2007. The Company
has the right to trigger early exercise of the warrants should the closing
price of the Company share be equal to or exceed $2.50 for seven consecutive
trading days.
Dejour
has agreed to pay a finders’ fee of up to 6% in cash and/or provide a finders’
warrant of up to 6% of the shares/units placed, where applicable, subject to
regulatory approval. The finders’ warrant will have the same terms as
those issued as part of the units.
Uses
of funds are for:
·
Furthering
development of its oil and gas prospects in
·
Creation
of a reserve for funding further acquisitions
·
Supplementing
working capital
About Dejour Enterprises Ltd.
Dejour Enterprises Ltd. is a
micro-cap Canadian energy company developing high impact exploration and
development opportunities in the current energy super cycle. The Company's
focus is uranium and oil & gas. The Company is listed on the TSX Venture
Exchange under the symbol (TSX-V:DJE). 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.
Robert L. Hodgkinson, Chairman &
CEO
DEJOUR ENTERPRISES LTD.
Phone: 604.638.5050 Facsimile:
604.638.5051 Email: investor@dejour.com