Firm is raising funds for Utah oil sands venture

U.S. Oil Sands Inc. is raising funds for its oil sands extraction project in Utah. A share inducement offered by the company allows investors to acquire large shares at a fixed price. "These initial funds will allow us to initiate construction on our PR Spring project, the first commercial oil sands extraction project in the U.S.," said Cameron Todd, CEO of the company.

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Oil sands company raising money for Utah project - Boston Globe, The

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