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Athabasca Oil Corp T.ATH

Alternate Symbol(s):  ATHOF

Athabasca Oil Corporation (AOC) is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. AOC’s segments include Light Oil and Thermal Oil. The Thermal Oil segment includes the Company’s assets, liabilities and operating results for the exploration, development and production of bitumen from sand and carbonate rock formations located in the Athabasca region of Northern Alberta. It also consists of two operating oil sands steam assisted gravity drainage projects and a resource base of exploration areas in the Athabasca region of northeastern Alberta. The Light Oil segment includes its assets, liabilities and operating results for the exploration, development and production of light crude oil and medium crude oil, tight oil and conventional natural gas. Its Light Oil segment consists exclusively of the Duvernay in the Greater Kaybob area with about 155,000 gross acres across Kaybob West, Kaybob North, Kaybob East and Two Creeks.


TSX:ATH - Post by User

Comment by Greendayon Jan 22, 2021 5:38pm
175 Views
Post# 32362483

RE:RE:RE:RE:2022 Notes

RE:RE:RE:RE:2022 Notes@ Maxmoe - You posted...... "Bond holders can take it or not. Or the company can buy the bonds in the market any time they want at any price they want."  That my friend is not accurate.

ATH has the right to call its bonds and if ATH exercised that right then the bond holders must surrender them.  It would happen the same way as what happens with a successful takeover bid.  On the effective date, the securities disappear from your account and the corresponding funds appear.  There is no take it or not involved. 

Prior to the effective date, ATH bonds can trade in the bond market for whatever the market will bear but that's simply bond trading which is seperate and distinct from a redemption.
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