Oilsands Quest Inc. - 2010-11-05


Issued approximately 20.8 million common shares at a price of US$0.45 per share for total proceeds of approximately US$9.4 million. The company also issued approximately 7.1 million common shares on a flow-through basis to investors at a price of C$0.51435 (US$0.50) per share, for gross proceeds of approximately C$3.7 million (US$3.5 million). Net proceeds will be used for a winter drilling program of up to 10 wells at Wallace Creek and for general corporate purposes.

Click here to go back to the search page
Estimated Price
Financing Type
Report Date