Dejour Enterprises Ltd.

Dejour Enterprises Ltd.

September 07, 2005 14:58 ET

Dejour to Raise US$1.1mm Privately

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 7, 2005) - Dejour Enterprises Ltd. (TSX VENTURE:DJE) has agreed to a non-brokered private placement of up to 2.0 million units at US$0.55 (CAD$0.65) per unit, totaling US$1.1mm (CAD$1.3mm), subject to regulatory approval.

The offering will result in the issuance of a maximum of 2mm common shares and 1mm 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 a non transferable warrant to purchase a maximum of 200,000 shares at US$0.70 (CAD$0.83) per share, exercisable for twelve months from the date of closing.

Dejour will earmark these funds for the acquisition, drilling and completion of the Tinsley gas project.

Additionally, the Company proposes to grant stock options to Douglas Cannaday, President & COO, Director, to purchase 200,000 common shares in the capital of the Company, subject to Exchange acceptance, exercisable at a price of CAD$0.60 per share, vesting over a three-year period.

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.V).

Robert L. Hodgkinson, Chairman & CEO


Shares Issued: 25,845,058

Last Close: 9/06/2005 - $ 0.60

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

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