Athabasca Oil Sands (ATHOF.PK) exercises its option to sell its 40% stake in the MacKay River...

|About: Athabasca Oil Corp. (ATHOF)|By:, SA News Editor

Athabasca Oil Sands (ATHOF.PK) exercises its option to sell its 40% stake in the MacKay River oil-sands project in Alberta to joint owner PetroChina (PTR +4.9%) for C$680M ($669M). The transaction comes less than a week after regulators approved the planned 150,000-barrel-a-day project. (PR .pdf)