Dejour Energy Inc. (NYSE MKT: DEJ/TSX: DEJ) has closed the initial tranche of an industry-standard bridge loan commitment of up to C$2 million from a principal and director of the company.
These funds will provide a source of capital to support the current 2015 initiatives of the company. The independent members of the board of directors approved the loan agreement, and the principal and director appropriately abstained from voting in the loan transaction.
In additional company news, James Dai has been invited to join the board of directors, increasing its membership from five to six. Dai holds both CPA and CFA designations. He earned a bachelor’s degree from UBC, and a graduate degree from MIT, where he is Fellow of both the Canadian National NSERC and MIT Media Lab. Dai is currently the CFO of four private and public companies focused in the lumber, O&G, mining, and biotech sectors of Western Canada, where he continues to represent the interests of international capital including an Asia-based investor that has been making investments in the North American market for the last three years. Prior to this engagement, Dai completed a corporate finance tenure with investment dealer Raymond James.