CALGARY, April 10, 2014 /CNW/ - ZAM Investments Luxembourg, s.á.r.l. ("ZAMIL") announced today that it has disposed of 30,947,356 common shares of Athabasca Oil Corporation (Symbol "ATH")(the "Corporation"), representing 7.7% of the issued and outstanding common shares of the Corporation, through trades on public exchanges, including the Toronto Stock Exchange ("TSX"). The trades effecting the disposition were made between the period of February 21– April 10, 2014 at an average price of CAD 8.12.
As a result of this disposition, ZAMIL has ownership of 34,497,994 common shares of the Corporation, representing approximately 8.6% of the Corporation's currently issued and outstanding common shares. ZAMIL acquired the common shares of the Corporation for investment purposes only. ZAMIL intends to review, on a continuous basis, various factors related to its investment, including (but not limited to) the price and availability of the securities of the Corporation, subsequent developments affecting the Corporation or its business, and general market and economic conditions. Based upon these and other factors, ZAMIL may decide to dispose of additional securities of the Corporation or may decide in the future to purchase securities of the Corporation.
SOURCE: ZAM Investments Luxembourg, s.á.r.l.
For further information: ZAM Investments Luxembourg, s.á.r.l., 6, rue Eugène Ruppert, L-2453, Luxembourg