CALGARY, ALBERTA–(Marketwired – Sept. 13, 2017) – US Oil Sands Inc. (TSX VENTURE:USO) (“US Oil Sands” or the “Company“), an innovator of oil extraction technologies, announces that Harry Quarls has resigned as Chairman and a director of the Company. US Oil Sands is thankful for the contributions that Mr. Quarls has made to the Company.
ABOUT US OIL SANDS INC.
US Oil Sands is engaged in the exploration and development of oil sands properties and, through its wholly owned United States subsidiary US Oil Sands (Utah) Inc., has a 100% interest in bitumen leases covering 32,005 acres of land in Utah’s Uinta Basin. The Company plans to develop its oil sands properties using its proprietary extraction process which uses a bio-solvent to extract bitumen from oil sands without the need for tailings ponds. The Company is in the pre-production stage, anticipating the commencement of bitumen production and sales once it has completed start-up of the PR Spring Project.