Dejour Enterprises Ltd.

Dejour Enterprises Ltd.

October 07, 2005 17:16 ET

Dejour Closes US$2,475,000 Private Placement/Retains 43% of Tinsley Deep Gas Project and Lists on Frankfurt

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 7, 2005) - Dejour Enterprises Ltd. (TSX VENTURE:DJE)(FWB:D5R) has closed, subject to regulatory approval, its private placement previously announced in September 2005 having raised gross proceeds of US$2,475,000.

Pursuant to the terms of the private placement, Dejour will issue 4,500,000 common shares at US$0.55 per share and 2,250,000 share purchase warrants exercisable at CAD$0.80, expiring on March 17, 2007. All securities issued pursuant to the financing are subject to a hold period until February 8, 2005. Dejour will pay a finders' fee of up to 5% in cash of the amount raised and issue non transferable warrants to purchase a maximum of 450,000 shares at CAD$0.80 per share, expiring on March 17, 2007. The exercise price and expiry date of the above warrants are identical to the warrants issued as part of the private placement closed in March 2005.

Net proceeds will be used to fund the entire 43% of the Tinsley Deep Gas Project initially announced September 6, 2005 and to supplement working capital.

The Company is pleased to announce that the Frankfurt Stock Exchange has included Dejour for trading, under the symbol "D5R". Trading on the Frankfurt Stock Exchange can increase the Company's exposure to European investors and improve access for European investors to invest in the Company.

About Dejour Enterprises Ltd.

Dejour Enterprises Ltd. is a Canadian energy exploration and development company whose mission is to provide superior shareholder value by acquiring and developing unique and rewarding opportunities within today's burgeoning energy markets. The Company is listed on the TSX Venture Exchange under the symbol (DJE).

Robert L. Hodgkinson, Chairman & CEO


Shares Issued: 26,495,128

Last Close: 10/07/2005 - $ 0.83

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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