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Oilsands Quest secures CDN$3.75 million financing; agrees to sell non-core Eagles Nest asset for CDN$4.4 million

CNW Group | February 03, 2012 | 2:06 pm Energy Europe 

CALGARY, Feb. 3, 2012 /PRNewswire/ - Oilsands Quest Inc. (NYSE Amex: BQI) ("Oilsands Quest," or "the Company") has secured a commitment for debtor-in-possession ("DIP") financing of CDN$3.75 million (the "DIP Facility"), for the purposes of funding operating costs and other expenses while the Company...

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