Stock Symbol: SOIGF 0.08
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Blog: Osum Completes $100 million Private Placement
November 29, 2010
Osum Oil Sands Corp. is pleased to announce that today it has closed its previously announced private placement to a wholly-owned subsidiary of Korea Investment Corporation ("KIC") of 7,692,308 common shares at $13.00 per share for total gross proceeds of approximately $100 million. The proceeds from this financing together with Osum's existing working capital will be invested directly in the Company's in situ projects and used for general corporate purposes.

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