Waterous Energy Fund Improves its Cash Offer for Osum and Enters into Support Agreements with All Independent Directors and All Senior Executive Officers
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WEF") is pleased to announce that its subsidiary WEF Osum Acquisition Corp. (the "
Offeror") has improved its all-cash offer to acquire common shares ("
Osum Shares") of Osum Oil Sands Corp. ("
Osum"). WEF has received the support of all three members of Osum's special committee of independent board members ("
Special Committee") and all five executive officers of Osum, including William Friley, Chairman of the Board of Directors, and Steve Spence, President and CEO of Osum.