Osum Oil Sands Raising $500M from Investors

Osum Oil Sands Corp. announced Thursday that it would raise $500 million via a private placement of 21.2 million common shares and 18.8 million callable common share purchase warrants. The financing was led by a combination of new and existing shareholders, including KERN Partners, Government of Singapore Investment Corporation, Warburg Pincus and Blackstone Capital Partners. Osum is based in Alberta, Canada.

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