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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