Canadian Natural Resources Limited (ticker: CNQ) has filed a preliminary short form base shelf prospectus with applicable Canadian regulatory authorities and a registration statement on Form F-10 with the United States Securities and Exchange Commission.
The prospectus allows for the future issuance, from time to time, of up to US$3 billion in debt securities, the company said in a statement.
Canadian Natural also filed today a preliminary short form base shelf prospectus with applicable Canadian regulatory authorities and a registration statement on Form F-10 with the SEC allowing for the potential secondary offering of up to 97,560,975 common shares of the company by Shell Canada Energy, Shell Canada Resources and Shell Gas B.V. or any of their permitted transferees or assignees (together referred to as “Shell”) provided to Shell as partial consideration for the Company’s acquisition of a 60% direct and indirect interest in the Athabasca Oil Sands Project and certain other crude oil assets.
The specific terms of a distribution, if any, of common shares by Shell will be set forth in one or more prospectus supplements, including the number of common shares to be distributed, the issue price (in the event the distribution is a fixed price distribution) and any other terms specific to the common shares being distributed.
The registration statements that were filed have not yet become effective, the company said.
