Nov 26 (Reuters) - Bayshore Petroleum Corp BSH.V :
* Provides update on initiatives to jointly develop athabasca oilsands property
and produce commercial diesel using new technologies
* Says conducting a non-brokered private placement of securities consisting of
5 million common shares at $0.30 per share
* Net proceeds from private placement will be approximately $1.5 million
* Source text for Eikon
* Further company coverage BSH.V