Dejour Energy Inc. will change its name to DXI Energy Inc., the company said Oct. 15. The change is scheduled to become effective Oct. 30.
In conjunction with this, Dejour will consolidate its common shares on a 1-for-5 basis. As a result, the number of outstanding common shares will drop to about 36.4 million from about 182.4 million.
The company said that shareholders will be required to file a letter of transmittal to obtain their new shares.
DXI Energy Inc. will trade on the NYSE MKT Exchange and the Toronto Stock Exchange under the tickers “DXI” and “DXI.TO,” respectively, Dejour added.
Robert L. Hodgkinson chairman and CEO, said Dejour is now a sustainable upstream energy company.
Canada-based Dejour Energy Inc. works in the Piceance Basin and Peace River Arch regions.
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