CALGARY, ALBERTA–(Marketwired – Dec. 23, 2016) – US Oil Sands Inc. (“US Oil Sands” or the “Company“) (TSX VENTURE:USO), an innovator of oil extraction technologies, announces an update on its previously announced financing and the PR Spring Project (the “Project“).
The Company has made application to the TSX Venture Exchange (the “Exchange“) for approval of certain terms of the US$7.5 million financing (the “Financing”) with ACMO S.à R.L. (“ACMO“), the Company’s largest shareholder. The Exchange has indicated its approval of the Financing subject to certain conditions. The Company is working to satisfy these conditions. Should these conditions be met, the … Continue Reading