CALGARY, June 6, 2013 /CNW/ - ZAM Investments Luxembourg, s.á.r.l. ("ZAM") announced today that it has acquired ownership of 8,064,600 common
shares of Athabasca Oil Corporation (Symbol "ATH") (the "Corporation") through trades on public exchanges, including the Toronto Stock
Exchange ("TSX"), between the period of May 13 - June 6, 2013 at an average price of
CAD 6.32. Prior to this purchase, ZAM owned 57,380,750 common shares
of the Corporation representing 14.3% of the issued and outstanding
As a result of this purchase, ZAM has ownership of 65,445,350 common
shares of the Corporation, representing approximately 16.3% of the
Corporation's currently issued and outstanding common shares. ZAM
acquired the common shares of the Corporation for investment purposes
only. ZAM 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, ZAM
may decide to purchase additional securities of the Corporation or may
decide in the future to sell all or part of its investment.
SOURCE: ZAM Investments Luxembourg, s.á.r.l.
For further information:
ZAM Investments Luxembourg, s.á.r.l.
65 Boulevard Grande - Duchesse Charlotte