| From 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 |