TORONTO, Sept. 13, 2016 /CNW/ - Smoothwater Capital
Corporation ("Smoothwater") announced today that it acquired on
September 12, 2016, through the
facilities of the TSX Venture Exchange, ownership of 678,000
common shares of Alberta Oilsands Inc. ("AOS") (representing
approximately 0.32% of the issued and outstanding common shares of
AOS) at an average price of $0.12 per
share.
On September 13, 2016 Smoothwater
acquired, through the facilities of the TSX Venture Exchange,
ownership of 312,000 common shares of Alberta Oilsands Inc.
("AOS") (representing approximately 0.15% of the issued and
outstanding common shares of AOS) at an average price of
$0.12 per share.
After giving effect to these purchases, Smoothwater now owns an
aggregate of 33,818,099 common shares of AOS, representing
approximately 15.91% of the issued and outstanding common shares of
AOS.
Based on public filings, Smoothwater is now the largest
shareholder of AOS.
Smoothwater acquired common shares of AOS for investment
purposes and may, from time to time, on an individual or joint
basis, acquire additional securities of AOS, dispose of some or all
of the existing or additional securities it holds or may continue
to hold their current position. Smoothwater may, from time to time,
on an individual or joint basis, take such actions as it considers
necessary or desirable to pursue such objectives, subject to
applicable law.
For more information and updates, including a copy of this press
release and the related early warning report please visit
www.smoothwatercapital.com.
This news release is issued pursuant to the early warning
requirements of applicable Canadian securities laws. Smoothwater
will file early warning reports in accordance with applicable
securities laws, copies of which will be available on SEDAR at
www.sedar.com or upon request to Smoothwater.
About Smoothwater Capital:
Smoothwater Capital Corporation is a leading Canadian
activist investor, focusing on investing in small to midcap
Canadian public companies where there is an identifiable path to
significantly improve shareholder value. Smoothwater works to
effect change in targeted companies, often collaboratively with
institutional and other like-minded investors who hold material
positions but are not able to take on the time consuming and costly
activist role.
SOURCE Smoothwater Capital Corporation