Sept 11 (Reuters) - Bayshore Petroleum Corp BSH.V :
* Bayshore Petroleum Corp announces update on private placement financing
* Bayshore Petroleum-now announces private placement in total consisting sale of up to 50 million units at $0.03 per unit, for proceeds of $1.5 million
* Bayshore Petroleum-use of proceeds from financing is to further pursue company's partial upgrading projects using CCC Technology