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Gold/Mining/Energy : DEJOUR MINES (Toronto:DEJ) -- Ignore unavailable to you. Want to Upgrade?

To: triplehrw who wrote (554)	9/27/1999 7:31:00 AM
From: Buckey	Read Replies (2) \| Respond to of 571

Dejour Mines Ltd - Dejour Mines and InstantDocuments.com cancels business deal Dejour Mines Ltd DEJ Shares issued 69,183,557 1999-09-24 close $0.31 Monday Sep 27 1999 Mr. Dustin Elford reports Dejour Mines Limited and InstantDocuments.com Inc. (IDI) have agreed not to proceed with a business combination at this time. Financiers in the United States have approached IDI and both companies feel it is in the best interest of all shareholders to evaluate the possibility of an IDI initial public offering through a U.S. exchange. Dejour Mines currently holds shares and notes convertible into a total of approximately four million shares in IDI or approximately a 40-per-cent interest, thereby giving Dejour Mines the single largest equity stake in IDI. Under a new arrangement with IDI, Dejour Mines has agreed to relinquish its exclusive option to provide IDI with an additional $2,125,000 (U.S.) of financing for a maximum 50-per-cent interest in IDI. Dejour Mines will however have the right to purchase an additional 233,333 shares of IDI until Oct. 31, 1999, and the right to participate in future financing under an antidilution provision. Dejour Mines has decided not to proceed with the private placement of three million common shares as previously announced in its July 22, 1999, news release, as well as the 3.5 to 1 share consolidation. Dejour Mines is extremely pleased with the progress of IDI to date. With the advent of material revenue streams developing in well-established vertical business to business markets in the insurance and banking sectors, and the implementation or marketing alliances with brand name companies such as Agfa Gavaert N.V. in Europe, Snap Printing in Australia, Sir Speedy Printing, Quick International Courier and Dynamex Couriers in North America, IDI management has now proven that both the service and underlying technology have significant value and marketability. Dejour Mines has been advised by the Toronto Stock Exchange that its significant investment in IDI and its focus away from the mining business constitutes a change in the nature of the company's business and that the company is required to meet the TSE's original listing requirements for non-resource companies. The company has agreed with the TSE to seek a listing of its shares on an alternative exchange.