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Fri, 27 Oct 2006 3:00:00 PDT
PHOENIX, AZ (MARKET WIRE) PetroSun, Incorporated (PINKSHEETS: PSUD) announced today that the company has entered into agreements with Golden Gate Investors, Incorporated to provide $16,000,000 of financing to the Company through convertible debentures and warrants. The funds will be utilized for exploration, development, alternative energy projects and strategic acquisitions.
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