By Sheri Kasprzak
New York, March 21 - Dejour Enterprises Ltd. said it upsized to C$1 million the final tranche of its previously announced non-brokered private placement.
The company will now sell up to 666,667 units in the final tranche at C$1.50 each.
The units consist of one share and one half-share warrant, with each whole warrant exercisable 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.
The last tranche will bring the total proceeds earned in the deal to C$2,025,000. The first tranche, for C$1,025,000 was closed on March 16.
The final tranche is expected to close April 7.
Vancouver, B.C.-based Dejour is an oil, natural gas and uranium exploration and development company.
| Issuer: | Dejour Enterprises Ltd.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1 million
|
| Units: | 666,667
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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
|
| Placement agent: | Non-brokered
|
| Upsized: | March 21
|
| Settlement date: | April 7
|
| Stock symbol: | TSX Venture: DJE
|
| Stock price: | C$1.64 at close March 21
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