Fri, Mar 6, 2015
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Korea fund buys stake in Canadian oil sands firm

Posted on 25 November 2010

From Reuters: Osum Oil Sands Corp, a small privately owned oil sands development company, said on Wednesday it will sell C$100 million ($99 million) worth of its shares to Korea Investment Corp, marking the sovereign wealth fund’s second investment in Canada’s oil sands.
Osum, which is developing a thermal oil sands project near Cold Lake, Alberta, and owns properties it estimates contain 9 billion barrels of bitumen in the largely undeveloped Grosmont Carbonate play, said in a press release it sold the South Korean fund 7.7 million shares at C$13 each in a private placement……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 15858 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
M T W T F S S
« Feb    
 1
2345678
9101112131415
16171819202122
23242526272829
3031