Osum Announces $100 Million Private Placement from KIC

Posted on 11/25/2010

On November 24, 2010, Osum Oil Sands Corp received around $100 million in a private placement from a sovereign wealth enterprise of the Korea Investment Corporation (KIC).  The Investment Agreement also provides KIC with the right to participate in future equity financings, board observer rights and, in the event that KIC holds more than 10% […]