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 Proceeds to Be Used to Acquire Properties in the Unconventional Petroleum Industry
For_Immediate_Release:
August 23, 2006 (Press Release) --
Blacksands Petroleum, Inc (BSPE.OB) an unconventional oil exploration and development company, announces that effective August 9, 2006, the company closed a private placement of units of its securities. Gross proceeds of $10,854,700 will be allocated to identify and acquire suitable candidates/properties within the "unconventional petroleum industry."
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