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01/06/2014
AMERICAN SANDS ENERGY CORP. American Sands Energy Corp., an oil sands exploration and development company operating in Utah, announced that it has negotiated new economic terms with the licensor of its proprietary water-free extraction technology. These new economic terms include conversion of contractual payments to equity and reductions in royalty fees for future projects outside of Utah (no royalties are paid on projects within Utah). The amended Agreement also confirms and simplifies AMSE's rights to pursue projects anywhere in the world where oil sand resources are abundant. Daniel Carlson, the Company's Chief Financial Officer, said, "These amendments to the License Agreement w...
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