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UTS sells oilsands leases for $250M

By Business News Network November 3rd, 2009 - PERMALINK
Globe and Mail. UTS Energy Corp. said it agreed to sell its 50-percent working interest in three Alberta oil sands leases to Imperial Oil and ExxonMobil for about $250 million. The company said the sale of interests in lease Nos. 421, 022 and 023 is