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Prospect News home > News index > List of issuers O > Headlines for Oilsands Quest Inc. > News item
Published on 5/2/2005 in the Prospect News PIPE Daily.

CanWest arranges private placement for subsidiary Oilsands Quest

By Sheri Kasprzak

Atlanta, May 2 - CanWest Petroleum Corp. said it has arranged a private placement for its subsidiary, Oilsands Quest Inc.

CIBC World Markets Inc. will be the placement agent in the offering, the details of which have yet to be determined.

Based in Calgary, Alta., CanWest is a petroleum exploration company. The proceeds will be used to help fund a 2005 exploration program on its Athabasca Oil Sands lands.

CanWest's stock closed up $0.03 at $0.43 on Monday.


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