VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 15, 2015) – Dejour Energy Inc. (NYSE MKT:DEJ)(TSX:DEJ) (“Dejour” or the “Company”), an independent oil and gas exploration and production company operating in North America’s Piceance Basin and Peace River Arch regions, today announced that it will change its name to DXI Energy, Inc.
In conjunction with the name change that is expected to take place on or about October 30, 2015, the Company will consolidate its common shares on a 1 for 5 basis. As a result, the number of common shares outstanding will reduce to 36,494,609 from 182,473,615.
As is customary, shareholders will be required to file a Letter of Transmittal to obtain their new shares.
DXI Energy Inc. will also trade on both the New York Stock Exchange Amex (NYSE MKT: DXI) and Toronto Stock Exchange (DXI.TO), effective with the name change.
“We are pleased to launch ‘DXI Energy Inc.’ commensurate with our new production profile and initiatives for prudent expansion. Our Company is now a sustainable ‘upstream’ energy industry participant with long-term producible reserves capable of delivering stable cash flow in geographically and geopolitically attractive areas, at a time when growth opportunities abound,” stated Robert L. Hodgkinson, Chairman & CEO.
Dejour Energy Inc. is an independent oil and natural gas exploration and production company operating projects in North America’s Piceance Basin (39,998 net acres) and Peace River Arch regions (14,444 net acres). Dejour maintains offices in Calgary and Vancouver, Canada. The company is publicly traded on the New York Stock Exchange Amex (NYSE MKT:DEJ) and Toronto Stock Exchange (TSX:DEJ).
*Dejour Net sales volumes, post shrinkage
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Dejour Energy Inc.
Robert L. Hodgkinson
Chairman & CEO
Dejour Energy Inc.
Investor Relations – New York