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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Korean fund invests $76 mln in Laricina

Posted on 30 August 2010

Glen SchmidtFrom Calgaryherald.com: The Korean sovereign wealth fund became the latest Asian investor in the oilsands sector after it made a $76.2-million investment in Calgary-based thermal oilsands developer Laricina Energy.

The privately held thermal oilsands player announced that Korean Investment Corp. signed up for 1.67 million common shares at a price of $30 for proceeds of $50 million. That follows a private placement with KIC of 875,000 shares in July that raised another $26.2 million…………………………………….Full Article: Source


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