Oilsands Quest secures up to $12 million in equity financing

CALGARY, Oct. 17, 2011 /PRNewswire/ – Oilsands Quest Inc. (NYSE Amex: BQI) (“Oilsands Quest,” “OQI” or “the Company”) has entered into a $12 million securities purchase agreement with Socius CG II, Ltd., a subsidiary of Socius