Business
Athabasca Oil Corporation Provides Clarification on the Closing of the Dover Put Transaction
CALGARY , July 28, 2014 /CNW/ - In light of recent market speculation and investor queri...
About this update from Athabasca Oil Corporation
[{"type":"text","content":"\n\n\nCALGARY, July 28, 2014 /CNW/ - In light of recent market speculation and\n investor queries Athabasca Oil Corporation (TSX: ATH) (\"Athabasca\" or\n \"the Company\") is providing clarification on the status of the\n transaction relating to the Dover Put Option, which it exercised on\n April 17, 2014. The Company confirms that it continues to work with\n Phoenix Energy Holdings Limited to close the transaction in accordance\n with the terms of the Put/Call Option Agreement. Athabasca will update\n the market on material developments.\n\n\nAbout Athabasca Oil Corporation\n\n\nAthabasca Oil Corporation is a Canadian energy company with a diverse\n portfolio of thermal and light oil assets. Situated in Alberta's\n Western Canadian Sedimentary Basin, the Company has amassed a\n significant land base of extensive, high quality resources. Athabasca's\n common shares trade on the TSX under the symbol \"ATH\". For more\n information, visit www.atha.com.\n\n\nReader Advisory:\n\n\nThis News Release contains forward-looking information about the\n Company's anticipated timing of closing of the Dover Put Transaction\n and the outcome of the Company's discussions with Phoenix regarding the\n Put/Call Option Agreement. This information involves various risks,\n uncertainties and other factors. All information other than statements\n of historical fact is forward-looking information. The forward-looking\n information is not historical fact, but rather is based on the\n Company's current plans, objectives, goals, strategies, assumptions and\n projections about the Dover Put Transaction. This information involves\n known and unknown risks, uncertainties and other factors that may cause\n actual results or events to differ materially from those anticipated in\n such forward-looking information. No assurance can be given that these\n expectations will prove to be correct and such forward-looking\n information included in this News Release should not be unduly relied\n upon. This information speaks only as of the date of this News Release.\n\n\nWith respect to forward-looking information contained in this News\n Release, assumptions have been made regarding, among other things:\n Phoenix's timelines with respect to closing the Dover Put Transaction;\n and the impact that the agreements relating to the PetroChina\n transaction (the \"PetroChin...