Osum Oil Sands Corp Announces $275 Million Financing

Osum Oil Sands Corp, a privately-held company focused on bitumen extraction, today announced that it has closed a private equity financing for a total of CDN$275 million at a price of CDN$10.50 per share. The financing was led by Warburg Pincus LLC and included a substantial investment by Blackstone Capital Partners V LP. Osum is currently the only junior player with a material position in the thermal... 

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Russian oil giant seeks to win over wary investors

Rosneft, the second-biggest Russian oil producer, is mounting a lavish public relations campaign to win over wary foreign investors before planned flotation on the London and Moscow stock exchanges next month. With glossy advertising on Russian television, flights on private jets to remote production sites for foreign journalists and an array of Western media communications experts on hand, Rosneft...