Equinor ASA: Early Warning Press Release
January 20 2021 - 06:49AM
Stavanger, Rogaland, Norway, January 20, 2021 –
Equinor ASA ("Equinor") (OSE: EQNR, NYSE: EQNR)
announces that on January 19, 2021 it disposed of its beneficial
ownership of an aggregate of 100,000,000 common shares
("Common Shares") of Athabasca Oil Corporation
("Athabasca"), at a price of C$0.18 per Common
Shares, for aggregate gross proceeds of C$18,000,000 (the
"Transaction"), through the facilities of the
Toronto Stock Exchange on a block trade basis.
Immediately prior to the Transaction, Equinor beneficially owned
and controlled a total of 100,000,000 Common Shares of Athabasca,
representing approximately 18.8% of the issued and outstanding
Common Shares of Athabasca. Immediately following the Transaction,
Equinor no longer has beneficial ownership and control over any of
the issued and outstanding Common Shares of Athabasca.
As a result of the Transaction, Equinor's beneficial ownership
of Common Shares of Athabasca has decreased to less than 10% of the
issued and outstanding Common Shares of Athabasca and it has ceased
to be a "reporting insider" as defined in National Instrument
55-104 – Insider Reporting Requirements. Accordingly, Equinor will
no longer file insider or early warning reports in respect of its
ownership of securities of Athabasca, except as required by
applicable law.
The disposition of Common Shares was undertaken in the ordinary
course of business for investment purposes.
Athabasca's head office is located at 1200, 215 - 9th Avenue SW,
Calgary, Alberta, T2P 1K3.
An early warning report will be filed by Equinor in accordance
with applicable securities laws and will be made available on
Athabasca's SEDAR profile at www.sedar.com or may be obtained
directly from Equinor at the address below.
For additional information, please contact:
Equinor ASAForusbeen 50,4035,
StavangerRogaland, Norway
Attn: Erik
HunsbedtTelephone: +47 90104572
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