Sunshine Oilsands Ltd., announced that in December, 2009, the Company closed a non-brokered financing of 333,433 Flow-Through Common Shares at a price of $6.00 per share for gross proceeds of $2,000,598.
The press release is quoted as saying:
Sunshine Oilsands Ltd. is a Calgary based company engaged in the development of its significant holdings (1 million acres) of in-situ oil sands deposits in the Athabasca region in Alberta. The Company’s initial development plans include a conventional heavy oil project and exploitation of its SAGD cretaceous sandstone land areas.
