By Sheri Kasprzak
New York, March 3 - Dejour Enterprises Ltd. said it has priced a C$2,050,050 private placement.
The offering includes 1,366,700 units at C$1.50 each.
Each unit consists of one share and one half-share warrant. The whole warrants allow for the purchase of another share at C$1.65 each through Dec. 31, 2007.
The expiry of the warrants may be accelerated if the company's stock trades above C$2.50 for seven consecutive trading days.
Proceeds will be used for the development of oil and natural gas prospects in North America, for acquisitions and for working capital.
The company settled a C$7.95 million private placement of flow-through shares on March 2.
Vancouver, B.C.-based Dejour is an oil, natural gas and uranium exploration and development company.
Issuer: | Dejour Enterprises Ltd.
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Issue: | Units of one share and one half-share warrant
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Amount: | C$2,050,050
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Units: | 1,366,700
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Price: | C$1.50
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Warrants: | One half-share warrant per unit
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Warrant expiration: | Dec. 31, 2007
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Warrant strike price: | C$1.65
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Placement agent: | Non-brokered
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Pricing date: | March 3
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Stock symbol: | TSX Venture: DJE
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Stock price: | C$1.47 at close March 3
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