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

To: Just G who wrote (413)	5/10/1999 10:06:00 AM
From: Bob Lawson	Read Replies (3) \| Respond to of 571

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