Sunshine Oilsands Secures Over $37 Million in Equity

Print
Wed, Jan 13, 2010

Heavy Oil Company News
Post by Melissa Pistilli, Heavy Oil Reporter

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.

Click here to access the entire press release

Click here to access Sunshine Oilsands Corporate Site

Questions about this article? Leave a comment below or contact our editorial team at editor@resourceinvestingnews.com.

Top Articles
Latest from this Author
Share this Article

This Week's Most Read Articles

Latest Heavy Oil Articles from Melissa Pistilli

What is Heavy Oil Investing News' Comment Policy?
Heavy Oil Investing News pre-moderates comments on our blog posts and post-moderates comments on news stories. We never censor comments based on political or ideological point of view. We only delete those comments that include the following transgressions:

Are abusive, off-topic, use excessive foul language
Include ad hominem attacks including comments that celebrate the death or illness of any person, public figure or otherwise
Contain racist, sexist, homophobic and other slurs
Are solicitations and/or advertising for personal blogs and websites
Thread spamming (you've posted this same comment elsewhere on the site)
Are posted with the explicit intention of provoking other commenters or the staff at Heavy Oil Investing News
Contains content that may infringe the copyright or intellectual property rights of others or other applicable laws or regulations.

Asides

HeavyOilInvestingNews.com maintains a focus on Heavy Oil exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
For upcoming heavy oil investing trade shows, see the following links: Oil Sands Technology Show, Houston Energy Financial Forum
The Heavy Oil Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.