WELL WORTH THE WAIT
July 22, 1999
For Immediate Release
The Toronto Stock Exchange
Trading Symbol: DEJ
DEJOUR AND INSTANTDOCUMENTS.COM
AGREE TO A BUSINESS COMBINATION
Dejour Mines Limited ("Dejour") is pleased to announce that it has finalized negotiations of its business arrangement with
InstantDocuments.com, Inc. ("ID.com"). Dejour and ID.com will combine business operations by way of amalgamation and will
continue as one under the name "InstantDocuments.com, Inc." (Amalco"). The business combination is expected to be completed
by end of September 1999.
Under the terms of this Agreement, Dejour will purchase US$1,125,000 in senior secured convertible notes and provide ID.com
with a US$1.725,000 note in return for a fully diluted 50.1% interest in Amalco. The note will be extinguished upon amalgamation,
following receipt of shareholder and regulatory approval.
Dejour shares will be exchanged for Amalco shares on the basis of one (1) Amalco share for each three and one-half (3 1/2)
Dejour shares. Amalco will be required to meet original listing requirements for trading on the Toronto Stock Exchange.
To complete the funding of the cash consideration of this new arrangement, in addition to current working capital, Dejour proposes
to issue by way of private placement 3,000,000 common shares at $0.25 per share to arms length parties, subject to regulatory
approval.
For further information please contact:
Dustin A. Elford, President
Telephone: (604) 669-2901
Facsimile: (604) 669-8922 |
