Heavy Oil Investing News » Connacher Oil and Gas is selling stock to cover Oil sands

Connacher Oil and Gas is selling stock to cover Oil sands

May 20, 2009 @ 8:01 am In Heavy Oil Company News

Connacher Oil & Gas Ltd, a Canadian oil-sands producer and refiner is planning to sell stock to bolster its working capital and finance a heavy-oil project. The price of the private-placement offering wasn't declared.

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[1] here: http://www.bloomberg.com/apps/news?pid=20601082&sid=aJLkAVqpID3k&refer=canada