Dejour Closes First Tranche of 2009 FT Financing
Dejour Enterprises has closed the first tranche of its $2,000,000 non-brokered private placement announced on September 28, 2009 through the sale of 1,333,333 flow through shares at C$0.60 each, 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 is $1,376,000. The Company paid finders' fees of up to 6.5% of the proceeds in cash in connection with this sale.
"We are very pleased that the Pathway Energy Fund is the lead funding participant in the financing of a focused 3D seismic and drilling program at the Company's Woodrush Oil project in NE BC, targeted to commence late in Q4-09," said Robert L. Hodgkinson, Chairman & CEO. The Woodrush/Drake production complex hosts 6 wells to date, with a 100% drilling success rate.
The Company is proceeding to conclude the sale of the balance of private placement accordingly.
- Dejour Drills 3rd Successful Well in Canada (Oct 14)
- Dejour Ramps Reserve Value by 150% at Woodrush (Aug 03)
- Dejour Highlights '09 Results, Key 2010 Objectives (Apr 02)