09:52 AM EST - Athabasca Oil Sands Corp. : announced that it has exercised its option to divest its 40% interest in the MacKay River oil sands project to Cretaceous Oilsands Holdings Limited, a wholly owned subsidiary of PetroChina International Investment Limited, for cash consideration of $680 million subject to closing adjustments including Athabasca's repayment of two loans provided by Cretaceous. Athabasca Oil Sands Corp.
shares T.ATH are trading up $0.41 at $12.90.
