Private Osum Oil Sands sells production royalty for $92.5M to pay for expansion - Calgaryn.com

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Private Osum Oil Sands sells production royalty for $92.5M to pay for expansion

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10-02-2017, 05:25 PM

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Private Osum Oil Sands sells production royalty for $92.5M to pay for expansion

A small private Calgary company says it is selling a portion of future production to raise money to expand its oilsands project, a funding method gaining traction in a sector having difficulty attracting investors.

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