$50 mil Farm-in Deal for Algar Lake and Immediate Non-Dilutive Financing Announced by Concerned Shareholders of Alberta Oilsands Inc. | PennyStockPayCheck.com

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$50 mil Farm-in Deal for Algar Lake and Immediate Non-Dilutive Financing Announced by Concerned Shareholders of Alberta Oilsands Inc.

Posted by admin | Posted on 24-06-2012

Category : Stocks, World News

Tags: announce, aos, board, company, concerned, election, lake, large, ontario, permits, principle, toronto

TORONTO, ONTARIO–(Marketwire – June 24, 2012) - The Concerned Shareholders (“New Board”) of AOS are pleased to announce that an agreement in principle (“Farm-in Agreement”) has been reached with a large, private US based E & P company (“Company”) whereby the Company would be prepared to farm into AOS’s 51 exploration permits at Algar Lake, after the election of the New Board.

The rest is here: $50 mil Farm-in Deal for Algar Lake and Immediate Non-Dilutive Financing Announced by Concerned Shareholders of Alberta Oilsands Inc.

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