By Sheri Kasprzak
Atlanta, Feb. 18 - Dejour Enterprises Ltd. said it plans to raise up to C$3.9 million in a private placement of units.
The offering includes up to 6 million units at C$0.65 each. The units include one share and one half-share warrant.
The whole warrants allow for an additional share at C$0.80 each for two years.
Placement agent Pacific International Securities Ltd. has an over-allotment option in the deal for up to 2 million units, or up to C$1.3 million in additional proceeds.
The deal is expected to close March 18.
Based in Vancouver, B.C., Dejour is an energy exploration and development company. It plans to use the proceeds from the offering for the development of its uranium properties, exploration programs and working capital.
| Issuer: | Dejour Enterprises Ltd.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$3.9 million (maximum)
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| Units: | 6 million (maximum)
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| Greenshoe: | Up to 2 million additional units
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| Price: | C$0.65
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.80
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| Placement agent: | Pacific International Securities Ltd.
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| Pricing date: | Feb. 18
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| Settlement date: | March 18
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| Stock price: | C$0.70 at close Feb. 18
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