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Osum Announces $100 Million Private Placement from KIC

25. Nov, 2010

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KIC invests: Laricina Energy Closes Two Equity Financings for Total Gross Proceeds of $76.2 Million

30. Aug, 2010

laricina KIC invests: Laricina Energy Closes Two Equity Financings for Total Gross Proceeds of $76.2 MillionAccording to the press release, “Laricina Energy Ltd. (Laricina or the Company) is pleased to announce that it has completed today a private placement to a wholly-owned subsidiary of Korea Investment Corporation (KIC) of 1,666,000 common shares at Cdn. $30.00 per common share for gross proceeds of approximately Cdn. $50 million.

On July 28, 2010, Laricina completed a private placement of 846,933 common shares and a non-brokered offering of 27,921 common shares, both at a price of Cdn. $30.00 per common share for gross proceeds of approximately Cdn. $26.2 million. The addition of the KIC private placement financing increases the total gross proceeds raised to Cdn. $76.2 million.

Both private placement offerings were completed on a brokered basis with a syndicate of agents co-led by Peters & Co. Limited and RBC Capital Markets.

Macquarie Capital Markets Canada Ltd. acted as financial advisor to KIC.”

Source: Laricina Press Release