Canadian Natural Resources Limited Announces Completion of the Offer to Acquire Laricina Energy Ltd
14 Septiembre 2018 - 4:00AM
Canadian Natural Resources Limited Announces Completion of the
Offer to Acquire Laricina Energy Ltd
Canadian Natural Resources Limited (“Canadian Natural” or the
“Company”) announces that its offer (the “Offer”) to acquire all of
the issued and outstanding common shares (the “Laricina Shares”) in
the capital of Laricina Energy Ltd. (“Laricina”), as previously
described in the Laricina press release dated July 26, 2018, has
been accepted by holders of Laricina Shares representing 98.7% of
the issued and outstanding Laricina Shares on a fully diluted
basis. Accordingly, the minimum tender requirement under
applicable Canadian securities laws has been satisfied and all
other conditions to the Offer have been satisfied.
Computershare Investor Services Inc. reported
that as of 3:00 p.m. (Calgary time) on September 13, 2018, being
the expiry time of the initial deposit period of the Offer, a total
of 568,724,430 Laricina Shares (the “Tendered Shares”) were
validly deposited under the Offer and not withdrawn. Canadian
Natural has taken up and accepted for payment the Tendered Shares.
An amount in the aggregate of $46,351,041.05 will be paid to
the former holders of the Tendered Shares by no later than
September 18, 2018.
In addition, the Offer is being extended for the
mandatory extension period under applicable Canadian securities
laws until 11:59 p.m. (Calgary time) on September 24, 2018 to allow
those Laricina shareholders who have not yet tendered their
Laricina Shares to the Offer an opportunity to do so. Canadian
Natural will take up and pay for any Laricina Shares validly
deposited to the Offer during the mandatory extension period within
10 calendar days after any such deposit.
After the mandatory extension period, Canadian
Natural has agreed to acquire any remaining outstanding Laricina
Shares pursuant to the compulsory acquisition provisions of the
Business Corporations Act (Alberta).
Canadian Natural is a senior oil and natural gas
production company, with continuing operations in its core areas
located in Western Canada, the U.K. portion of the North Sea and
Offshore Africa.
For further information, please contact:
CANADIAN NATURAL RESOURCES LIMITED |
2100, 855 - 2nd Street S.W. Calgary, Alberta, T2P4J8Phone:
403-514-7777 Email: ir@cnrl.comwww.cnrl.com |
|
STEVE W. LAUTExecutive Vice-Chairman TIM
S. MCKAYPresident COREY B. BIEBERChief
Financial Officer and Senior Vice-President, Finance MARK
A. STAINTHORPEVice-President, Finance – Capital Markets
Trading Symbol - CNQToronto Stock ExchangeNew York Stock
Exchange |