Dejour's Balance Sheet To Be Bolstered by Infusion of Cash
Dejour Energy Inc., an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, will close a non-brokered private placement, subject to a Canadian regulatory hold period of 4 months, for up to 7 million shares at a price of C$ 0.11 per share.
Dejour insiders may participate for a maximum of 25 percent of the offering.
Proceeds from the placement will be used to eliminate U.S. payables and enhance working capital. The Company will pay finder fees of 7 percent of the proceeds in cash to bone fide agents, as appropriate.
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