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Laricina to raise up to $400m in private placement, pushing out IPO

Frik Els | June 01, 2011 | 7:13 pm Energy 

Laricina Energy has announced it intends to raise between $250m and $400m by selling common shares at $40 to $45 each in a private placement. Canada Pension Plan acquired 17% of the privately-held oil sands developer for $250m last year....