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Athabasca Oil Corporation exercises Dover put option


Thursday, 17 Apr 2014 12:45pm EDT 

Athabasca Oil Corporation:Exercises option to divest 40 pct interest in Dover Commercial Project (DCP) to Phoenix Energy Holdings Limited (Phoenix) for cash consideration of C$1.32 bln.Pursuant to terms of its Feb. 10, 2010 Put/Call option agreement with Phoenix, Athabasca's option to sell was triggered by issuance of Alberta Environment's approval of DCP under Alberta Environment Protection and Enhancement Act on April 16. 

Company Quote

7.92
0.33 +4.35%
29 Aug 2014