By Sheri Kasprzak
New York, Nov. 28 - Dejour Enterprises Ltd. said it intends to raise C$5,187,500 in a private placement.
The offering includes 3.25 million units at C$0.95 each and 2 million flow-through shares at C$1.05 each.
The units are comprised of one share and one half-share warrant. The whole warrants are exercisable at C$1.10 each through Dec. 14, 2007.
The expiry of the warrants may be accelerated if the company's stock exceeds C$1.66 for more than 20 consecutive trading days.
There is an over-allotment option for up to 15% of the offering size.
Proceeds will be used to escalate the company's 2006 exploration program on the Athabasca Basin in Saskatchewan, to create a reserve for further acquisitions and to provide working capital.
Vancouver, B.C.-based Dejour is an oil, natural gas and uranium exploration and development company.
| Issuer: | Dejour Enterprises Ltd.
|
| Issue: | Flow-through shares and units of one share and one half-share warrant
|
| Amount: | C$5,187,500
|
| Greenshoe: | For up to 15% of offering
|
| Pricing date: | Nov. 28
|
| Stock price: | C$1.01 at close Nov. 28
|
|
|
| Units
|
| Units: | 3.25 million
|
| Price: | C$0.95
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Dec. 14, 2007
|
| Warrant strike price: | C$1.10
|
|
|
| Flow-through shares
|
| Shares: | 2 million
|
| Price: | C$1.05
|
| Warrants: | No
|
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