Dejour completes second tranche of flow through financing

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October 22, 2009

Vancouver, Canada-based Dejour Enterprises Ltd. has closed the second tranche of its $2,000,000 non-brokered private placement through the sale of flow through shares at C$0.60 each for gross proceeds of C$225,000, and the sale of 375,000 shares to a Canadian private client firm specializing in high yield products. 

Total gross proceeds for the two tranches are C$1,601,000. The company paid finders' fees of up to 6.5% of the proceeds in cash in connection with the sale.

The first tranche was closed October 14 with shares issued to the MineralFields Group, a Canadian energy investment fund, for gross proceeds of C$800,000, and the sale of 960,000 shares to other investors for gross proceeds of $576,000. Total gross proceeds of the first tranche was $1,376,000.

Dejour Enterprises Ltd. is a high growth oil and natural gas company operating multiple exploration and production projects in North America’s Piceance / Uinta Basins (128,000 net acres) and Peace River Arch region (15,000 net acres).

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