Athabasca Oil Corp. and William Gallacher

William Gallacher: William Gallacher, who founded the company in 2006, has chosen to resign from the companys board of directors so he could concentrate on his other endeavours, the company said in a release Friday, according to 660 News. The Alberta cabinets approval Thursday is one of the last hurdles Athabasca must clear before its Chinese partner can take full control of the development. The company is still awaiting a final sign-off from the Alberta Environment and The founder and chairman of Athabasca Oil Corp. TSX:ATH is stepping down a day after its Dover oilsands project received a long-awaited green light from the Alberta government. Gallacher will be replaced by current board member Thomas Buchanan, effective immediately. (www.immigrantscanada.com). As reported in the news.