Dejour Enterprises Ltd.

Dejour Enterprises Ltd.

September 29, 2005 13:22 ET

Dejour Increases Private Placement to US$2,475,000

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 29, 2005) - Dejour Enterprises Ltd. (the "Corporation") (TSX VENTURE:DJE) has agreed to increase the maximum number of units issued for the non-brokered private placement previously announced on September 7, 2005 and September 20, 2005 to 4,500,000 units at US$0.55 (CAD$.65) per unit totaling US$2,475,000 (CAD$ 2,925,000), subject to regulatory approval.

The offering will result in the issuance of a maximum of 4,500,000 common shares and 2,250,000 share purchase warrants exercisable at US$0.70 (CAD$0.83), expiring twelve months from the date of closing. A four month hold period will apply to this placement from the date of closing, expected prior to the end of September, 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 US$0.70 (CAD$0.83) per share, exercisable for twelve months from the date of closing.

The private placement is expected to close October 7, 2005.

Net proceeds will be used for oil and gas exploration and will be added to Dejour's working capital.

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: 26,213,058

Last Close: 09/28/2005 - $ 0.65

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

Contact Information