US Oil Sands Closes Balance of Strategic Financing
October 28, 2013
US OIL SANDS INC.
SUITE 1600, 521 – 3
RD
AVENUE SW
CALGARY, AB T2P 3T3
US Oil Sands Closes Balance of Strategic Financing
CALGARY, ALBERTA October 25, 2013 – US Oil Sands Inc. ("US Oil Sands" or the "Company") (TSXV:
USO) confirms receipt of remaining subscription proceeds from the previously announced $81 million
private placement financing (the “Financing”) with strategic investors Blue Pacific Investments Group
Ltd. (through Oil Associates, S.A.), Anchorage Capital Group, L.L.C. (through ACMO S.à.r.l.) and Spitfire
Ventures, LLC and certain accredited investors.
Pursuant to the second closing of the Financing, the Company issued an additional 7,068,000 common
shares (“Common Shares”) to certain accredited investors at a price of $0.15 per Common Share,
completing the Financing of 540,036,331 Common Shares for gross proceeds of $81,005,450. All
Common Shares issued pursuant to the Financing are subject to a statutory hold period of four months
from the date of each closing.
ABOUT US OIL SANDS INC.
US Oil Sands is engaged in the exploration and development of oil sands properties and, through its
wholly owned United States subsidiary US Oil Sands (Utah) Inc., has a 100% interest in bitumen leases
covering 32,005 acres of land in Utah’s Uinta basin. The Company plans to develop its oil sands
properties using its proprietary extraction process which uses a bio-solvent to extract bitumen from oil
sands without the need for tailings ponds.
There are risks involved with investing, including possible loss of principal
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