from stockhouse:
DEJOUR MINES - U.S. $4.75 MILLION PLACEMENT / AMALGAMATION WITH INSTANTDOCUMENTS.COM
VANCOUVER, BC--
Dejour Mines Limited ("Dejour") has accepted a financing offer
from Loewen, Ondaatje, McCutcheon Limited ("LOM") to act as
agents for the private placement of 14,060,000 Special Warrants
at a price of Cdn. $0.50 each for gross proceeds of $7,030,000
million (US $4.75 million). Each Special Warrant is convertible
into one common share of Dejour upon clearance of a prospectus
qualifying the issuance of the shares, or the completion of a
statutory amalgamation that would effect the same. Should the
shares issued not be qualified within 120 days of closing, each
Special Warrant will be convertible into 1.1 common shares. LOM
is to receive a 6% commission on the private placement and a
special compensation option for the full subscription of the
Special Warrants. Proceeds from the private placement shall be
placed in escrow, with one half of the proceeds to be released
upon completion of the amalgamation with InstantDocuments.com and
the balance upon qualifying the Special Warrants. The private
placement is subject to regulatory approval.
In conjunction with the above private placement, Dejour and
InstantDocuments.com have reached agreement in principle for an
amalgamation of the two companies. The terms and structure of the
amalgamation have yet to be finalized, but the amalgamation would
result in Dejour shareholders holding 55% of the resultant
entity, InstantDocuments.com, Inc. Such amalgamation may also
include a recapitalization to meet the listing criteria of a U.S.
exchange. The amalgamation would be subject to Dejour shareholder
approval, all regulatory approvals, including the approval of the
Toronto Stock Exchange ("TSE") for the continued listing of the
amalgamated entity. LOM has agreed to act as sponsor for the
amalgamated entity to the TSE, and will provide a fairness
opinion to the Dejour shareholders for this proposed transaction.
For further information please contact:
Dustin A. Elford, President
Telephone: (604) 669-2901
Facsimile: (604) 669-8922
Suite 900, 595 Howe Street
Vancouver B.C. V6C 2T5
Phone: (604) 669-2901
Facsimile: (604) 669-8922
Email: dejour@mininggroup.com |
