Grizzly Oil Sands Announces Purchase of May River Property Jan 31, 2012 05:45PM

CALGARY, ALBERTA -- (MARKET WIRE) -- 01/31/12 -- Grizzly Oil Sands ULC. announces that it has entered into an agreement with Petrobank Energy and Resources Ltd. to purchase its May River property, which includes 18,250 hectares (46,720 acres) of high quality oil sands leases, for gross cash proceeds of $225 million subject to normal closing adjustments. McDaniel and Associates Consultants Ltd. last year provided Petrobank with an estimate of 90.6 ...



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