Connacher will issue $150 mln in notes to finance OilSands Construction

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Fri, Jul 3, 2009

Heavy Oil Company News
Post by Melissa Pistilli, Heavy Oil Senior Reporter

After failing to land an acceptable construction loan, Calgary-based Connacher Oil and Gas Ltd. is issuing $150 million US worth of first lien secured notes to get its Algar thermal oilsands project back on track this summer.

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