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Sovereign Wealth Funds Briefing - Categorized | Investment

Korean investment fund buys more stake in Alberta oilsands

Posted on 26 November 2010

From Vancouversun.com: The Korean sovereign wealth fund that invested $50 million in one early-stage, Calgary-based oilsands company last summer is putting another $100 million into its partner.
Calgary-based Osum Oil Sands Corp. announced Wednesday it has entered into an agreement to sell to Korea Investment Corp. 7.7 million common shares at $13 per share for $100 million……………………………………….Full Article: Source


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