Canadian Natural Resources Files Preliminary Shelf Prospectuses for Future Offering of Debt Securities in Canada and in the United States.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--July 5, 2001 Canadian Natural Resources Limited Canadian Natural Resources Limited TSX: CNQ NYSE: CNQ is an oil and natural gas exploration, development and production company based in Calgary, Alberta. Operations are focused in Western Canada, the North Sea and offshore West Africa. ("Canadian Natural")(NYSE NYSE See: New York Stock Exchange :CED (Capacitance Electronic Disc) An earlier videodisc technology from RCA that was released in 1981 and abandoned five years later. Like phonograph records, the analog disc contained grooves that a stylus rode over. )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CNQ CNQ Cost of Non Quality CNQ Canadian Trading & Quotation System Inc. CNQ Club Neon Quebec (Quebec Neon Club) .) announced today that it has filed preliminary shelf prospectuses with securities regulatory authorities in certain provinces of Canada and in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for the separate offering, from time to time until July 2003, of up to $1 billion of medium term notes in Canada and up to US $1 billion of debt securities in the United States (collectively "the securities"). If and when issued, the securities will be unsecured, issued pursuant to respective trust indentures and will rank pari passu [Latin, By an equal progress; equably; ratably; without preference.] Used especially to describe creditors who, in marshalling assets, are entitled to receive out of the same fund without any precedence over each other. PARI PASSU. By the same gradation. with other senior unsecured indebtedness of Canadian Natural. At the time of issuance of any tranche of the securities, the maturity date, issue price, interest rate, redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. and use of proceeds will be disclosed in a prospectus supplement filed at that time. A registration statement relating to the securities to be offered in the United States has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any Province, State or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such Province, State or other jurisdiction. A copy of each of the preliminary prospectuses relating to the securities may be obtained from: Canadian Natural Resources Limited 2500, 855 - 2 Street S.W., Calgary, Alberta, Canada, T2P 4J8 Attention: Bruce McGrath Telephone: (403) 517-7345 Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta, Canada. The Company's operations are focused in Western Canada, the North Sea and Offshore West Africa. 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. |
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