Dejour Raises CDN$1 Million

March 8, 2010 (FinancialWire) — Dejour Enterprises Ltd. (AMEX: DEJ) (TSX: DEJ) said it has closed a non-brokered private placement, raising gross proceeds of CDN$1,017,500 in the flow-through financing. The company sold 2,907,300 units at $0.35.

Each unit consists of one flow-through common share and half of one share purchase warrant. Each whole warrant allows the holder to purchase one non-flow-through common share at $0.45 within 12 months from closing.

Dejour said it has the right to accelerate the expiry date of the warrants if the average closing price of a Dejour share is above $0.65 during any twenty day period, following the mandatory hold period.

Insiders of Dejour purchased around 15% of this offering.

Canada-based Dejour Enterprises is an oil and natural gas company operating multiple exploration and production projects in North America’s Piceance / Uinta Basins and Peace River Arch region.

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