Deal funds exploratory drill program at South Rangely oil leasehold
By Devika Patel
Knoxville, Tenn., Jan. 31 - Dejour Enterprises Ltd. said it arranged a registered direct offering of units. The deal will raise $2.75 million.
The company will sell 9,176,667 units of one common share and a half-share warrant at $0.30 per unit. The whole warrants are exercisable at $0.35 for one year. The strike price reflects a 16.67% premium to the Jan. 28 closing share price of $0.30.
Sutter Securities, Inc. is the agent.
Settlement is expected Feb. 2.
Proceeds will be used to explore and develop Dejour's Canadian oil properties, for an exploratory drill program at Dejour's South Rangely oil leasehold in Colorado and as working capital.
Dejour is a Denver oil and gas company.
| Issuer: | Dejour Enterprises Ltd.
|
| Issue: | Units of one common share and a half-share warrant
|
| Amount: | $2,753,000
|
| Units: | 9,176,667
|
| Price: | $0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | $0.35
|
| Agent: | Sutter Securities, Inc.
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 2
|
| Stock symbol: | Amex: DEJ
|
| Stock price: | $0.30 at close Jan. 28
|
| Market capitalization: | $29.88 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
