AOI is pleased to report that further to its NR on Mar4/2011, $11M,represnting the remaining portion of the convertible loan,including accrued interest,with Lundin Services B.V., a subsidiary of Lundin Pet AB,has been converted into 11.8M shares of AOI.The company has been advised that these shares have been sold to certain institutional investors at a price of C$2.10.The outstanding convertible loan has now been paid in full.

This would explain the high volume we have seen lately,imo