Osum Oil Sands closes $500M private placement; new investors include government of Singapore
Green Car Congress
DECEMBER 24, 2011
The financing was led by a combination of new and existing shareholders. The SAGD (steam assisted gravity drainage) pilot project at Saleski began operations in December 2010. McCarthy Tetrault LLP acted as Canadian legal counsel while Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as United States legal counsel to Osum.
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