CALGARY, Nov. 5, 2013 /CNW/ - Athabasca Oil Corporation (TSX: ATH)
("Athabasca" or "the Company") is pleased to advise that the Company
has received confirmation from the Canada Revenue Agency ("CRA") that
no adjustments are warranted with respect to the audit of its 2009/2010
taxation years. As previously disclosed, Athabasca has been undergoing
tax related reviews regarding the capital treatment of its February
2010 PetroChina transaction and its March 2010 capital dividend.
"This is good news," says Sveinung Svarte, president and CEO. "We are
pleased with this outcome and are delighted with the removal of this
uncertainty for the Company."
SOURCE: Athabasca Oil Corporation
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Andre De Leebeeck
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Manager, Investor Relations