- Report of Foreign Issuer (6-K)
March 05 2010 - 3:15PM
Edgar (US Regulatory)
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 AND 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the
Period: March 5,
2010 File
No.
001-33493
DEJOUR ENTERPRISES
LTD.
(Name of
Registrant)
598-999 Canada Place,
Vancouver, British Columbia, Canada, V6C 3E1
(Address
of principal executive offices)
Indicate
by check mark whether the Registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Indicate
by check mark whether the Registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Dejour Closes
$1M
Flow Through
Financing
March 5,
2010
,
Vancouver, Canada. Dejour Enterprises Ltd. (NYSE AMEX: DEJ/TSX: DEJ)
announces that it has closed its
non-brokered private placement. Gross proceeds from this flow through financing
totaled C$1,0
17,5
00 corresponding to 2,
907,300
u
nits sold 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 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 approximately 15% of this offering.
The Company paid finders' fees of up to
6.
2
5% of the proceeds in cash in connection
with this sale
and up to 1.5% warrants on the number of Units sold
through the agent.
F
und
s will be used for completion
of
the current drilling program at
Wo
odrush in NE BC project, where 2-3 new
pool Halfway oil wells are to be drilled prior to the end of March. Dejour holds
a 75% WI and operates this project. These wells are being drilled pursuant to
the acquisition of new 3D seismic data. There are currently six wells in
production at Woodrush producing about 630 gross BOE per
day.
This flow-through share private
placement was for Canadian investors only. This announcement does not constitute
an offer to sell, nor is it a solicitation of an offer to buy, securities. The
shares have not been registered under the United States Securities Act of 1933,
as amended (the “Securities Act”) or the securities laws of any other
jurisdiction, and may not be offered or sold in the United States without
registration under, or an applicable exemption from, the registration
requirements of the Securities Act.
About
Dejour
Dejour
Enterprises Ltd. is a high growth oil and natural gas company operating multiple
exploration and production projects in North America’s Piceance / Uinta Basins
(128,000 net acres) and Peace River Arch region (15,000 net acres). Dejour’s
veteran management team has consistently been among early identifiers of premium
energy assets, repeatedly timing investments and transactions to realize their
value to shareholders' best advantage. Current production is from less than 4000
acres of the Company's 143,000 net acres of landholdings.
Dejour,
headquartered in Vancouver, Canada, maintains operations offices in Denver,
Colorado and Calgary, Canada. The company is publicly traded on the New York
Stock Exchange Amex (NYSE- Amex: DEJ) and Toronto Stock Exchange (TSX: DEJ).
http://www.dejour.com
.
The
TSX does not accept responsibility for the adequacy or accuracy of this news
release.
Robert L.
Hodgkinson, Co-Chairman & CEO
DEJOUR
ENTERPRISES LTD.
598 – 999
Canada Place,
Vancouver,
BC Canada V6C 3E1
Phone:
604.638.5050 Facsimile: 604.638.5051
Email:
investor@dejour.com
This
release contains forward-looking information and statements, as defined by law
including without limitation Canadian securities laws and the "safe harbor"
provisions of the US Private Securities Litigation Reform Act of 1995
(“forward-looking statements”), respecting the Company’s plans and intentions
with respect to this private placement and the plans, intentions, beliefs and
current expectations of the Company, its directors, or its officers with respect
to the future business, well drilling and operating activities and performance
of the Company. Forward-looking statements involve risks, uncertainties and
other factors that may cause actual results to be materially different from
those expressed or implied by the forward-looking statements, including without
limitation the ability to obtain government and other necessary approvals;
dependence on third parties for services; non-performance by contractual
counterparties; the risks associated with the oil and gas industry (e.g.
operational risks in development; exploration and production; delays or changes
in plans with respect to exploration or exploration projects or capital
expenditures; the ability to obtain financing on satisfactory terms: the
uncertainties of reserves estimates; the uncertainty of estimates and
projections relating to production, costs and expenses, safety and environmental
risks), commodity price, price and exchange rate fluctuation and uncertainties
from potential delays or changes in plans with respect to exploration or
development projects or capital expenditures. Forward-looking statements are
based on a number of assumptions that may prove to be incorrect, including
without limitation assumptions about: general business and economic conditions;
the timing and receipt of required approvals; and ongoing relations with
employees, partners and joint venturers. The foregoing list is not exhaustive
and we undertake no obligation to update any of the foregoing except as required
by law. Important additional factors are described in the Company's period
reports and other filings with the Canadian Securities Commissions which may be
viewed at sedar.com and with the Securities and Exchange Commission which may be
viewed at the Commission's website at http:www.sec.gov.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this Form 6-K to be signed on its behalf by the undersigned,
thereunto duly authorized.
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Dejour Enterprises
Ltd.
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(Registrant)
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Dated:
March 5, 2010
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By:
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/s/
Mathew Wong
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Mathew
Wong,
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Chief
Financial Officer
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