onsdag 18 november 2009

Alberta Oil Sands

Alberta Oilsands Inc. completes bought deal financing
CALGARY, Nov. 17 /CNW/ - Alberta Oilsands Inc. ("AOS" or the "Company") (AOS - TSXV) is pleased to announce that it has completed its previously announced bought deal prospectus offering (the "Offering"). At closing today, AOS issued 11,500,000 units ("Units") at a price of $0.40 per Unit and 12,778,000 common shares of AOS ("Common Shares") issued on a flow-through basis ("Flow-Through Common Shares") at a price of $0.45 per Flow-Through Common Share for aggregate gross proceeds of approximately $10.35 million. Each Unit consists of one Common Share of AOS and one Common Share purchase warrant of AOS (a "Warrant"), where each whole Warrant will entitle the holder thereof to acquire one Common Share from the Company at a price of $0.50 per Common Share at any time prior to 5:00p.m. (Calgary time) on November 17, 2011. The syndicate of underwriters was led by Canaccord Capital Corporation and included Scotia Capital Inc., Genuity Capital Markets, Raymond James Ltd. and Octagon Capital Corporation (collectively, the "Underwriters").

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