DXI Capital Corp. (DXIEF)

[PennyStockInvestor]

What's causing the heavy sell off on DEJ recently? Why did the company issue 7 million shares of dilution at a measly .11 cents per share?

7 million shares at a price of C$0.11 per share.

Dejour Closes C$770K Infusion

Vancouver BC, January 21, 2014 – Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, announces that it closed a non-brokered private placement, subject to a Canadian regulatory hold period of 4 months, for 7 million shares at a price of C$0.11 per share.