American Sands Energy Corp (AMSE)

Description:

American Sands Energy Corp was originally incorporated in the State of Utah on April 7, 1983, as Carbon Technologies, Inc. and in 2005 changed its name to Millstream Ventures, Inc. On June 3, 2011, the Company completed a reverse acquisition transaction with Green River Resources Corp., and its wholly owned subsidiary, Green River Resources, Inc., On October 19, 2011, it again changed the name of the Company to American Sands Energy Corp. and changed the domicile of the Company to the State of Delaware. The Company is a development stage company that proposes to engage in the clean extraction of bitumen from oil sands prevalent in the Mountain West region of North America using proprietary technology. It has been engaged in the business of acquiring and developing oil sand assets and technologies used to separate the oil contained in oil sands. The Company has obtained leases in the Sunnyside area, on private property and an undivided 60% interest pursuant to two freehold hydrocarbon and mineral lease agreements in Section 2, East Half and North West quarters of Section 3 Township 14 South, Range 14 East, SLM containing approximately 1,120 acres; and an undivided 21.67% interest pursuant to two further freehold hydrocarbon and mineral lease agreements in the North West quarter of Section 3, East half and North West quarter of Section 10, Township 14, Range 14 East, SLM containing approximately 640 acres.