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 common shares.
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.
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ZAM Investments Luxembourg, s.á.r.l.
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