Canadian Natural Resources Limited Announces Completion of the Extension Period to Acquire All Issued and Outstanding Shares ...
26 Septiembre 2018 - 4:00AM
Canadian Natural Resources Limited Announces Completion of the
Extension Period to Acquire All Issued and Outstanding Shares of
Laricina Energy Ltd.
Canadian Natural Resources Limited (“Canadian Natural" or the
"Company") announces that Canadian Natural's offer to acquire all
of the issued and outstanding common shares (the
“Laricina Shares") of Laricina Energy Ltd. (“Laricina”) for
$0.0815 per Laricina Share by way of a take-over bid (the "Offer"),
as extended on September 13, 2018 for the mandatory 10-day
extension period, expired at 11:59 p.m. (Mountain Daylight Time) on
September 24, 2018.
Since Canadian Natural's initial take up of
568,724,430 Laricina Shares on September 13, 2018, Computershare
Investor Services Inc., the depositary, has reported that as at
11:59 p.m. (Mountain Daylight Time) on September 24, 2018, an
additional 3,594,872 Laricina Shares (the "Additional Shares") were
validly deposited under the Offer and not withdrawn. Canadian
Natural has taken up and accepted for payment all such Additional
Shares and payment for such Additional Shares will be made as soon
as practicable, and in any event not later than September 27, 2018.
If Additional Shares were tendered through brokers or financial
intermediaries, holders of such Additional Shares will receive
payment for their Additional Shares through their broker or
financial intermediary.
With the take up of the Laricina Shares on
September 13, 2018 and the Additional Shares, Canadian Natural will
have acquired an aggregate of 572,319,302 Laricina Shares pursuant
to the Offer, being all of the Laricina Shares validly deposited
pursuant to the Offer, representing approximately 99.3% of the
Laricina Shares.
Canadian Natural has notified Laricina that it
intends to carry out a compulsory acquisition of all the remaining
issued and outstanding Laricina Shares that are not currently owned
by Canadian Natural following completion of the Offer (the
"Compulsory Acquisition") pursuant to Part 16 of the Business
Corporations Act (Alberta) (the “Act”). Under the terms of the
Compulsory Acquisition, and subject to the provisions of the
Act, the holders of the remaining Laricina Shares not
currently owned by Canadian Natural will be entitled to receive the
same consideration per Laricina Share as paid under the Offer,
being $0.0815 in cash.
A notice of Compulsory Acquisition will be sent
by Canadian Natural to the remaining holders of Laricina Shares
concerning, amongst other things, the process and schedule for
completion of the Compulsory Acquisition and the associated actions
that remaining holders of Laricina Shares are required to take.
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.
CANADIAN NATURAL RESOURCES LIMITED |
2100, 855 - 2nd Street S.W. Calgary, Alberta, T2P4J8Phone:
403-514-7777 Email: ir@cnrl.comwww.cnrl.com |
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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
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Certain information regarding the Company
contained herein may constitute forward-looking statements under
applicable securities laws. Such statements are subject to known or
unknown risks and uncertainties that may cause actual results to
differ materially from those anticipated or implied in the
forward-looking statements. Refer to our website for complete
forward-looking statements www.cnrl.com