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.

Ausra Adds $60 Million

Ausra, a Palo Alto, Calif.-based developer of a utility-scale solar thermal power plant, has raised $60.6 million in Series C funding. Kern Partners led the round, and was joined by Generation Investment Management, Starfish Ventures and return backers Khosla Ventures and Kleiner Perkins Caufield & Byers.

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