PanCanadian reminds former Canadian Pacific Limited common shareholders of deadline for tax election packages.CALGARY -- PanCanadian Energy Corporation reminds former Canadian Pacific Limited Canadian Pacific Limited was created in 1971 to own properties formerly owned by Canadian Pacific Railway, a transportation and mining giant in Canada. In October 2001, CP decided to spin-off the remaining businesses it had not recently sold off, thus creating separate companies (CPL) common shareholders and former PanCanadian Petroleum Limited (PCPL PCPL Poplar Creek Public Library (Illinois) ) shareholders that the October 1, 2001 exchange of shares is a taxable transaction in Canada and that election forms to defer Canadian income taxes must be received by the PricewaterhouseCoopersSurvey-Centre before February 28, 2002. Former CPL common shareholders and former PCPL shareholders intending to defer Canadian taxes resulting from the October 1, 2001 share exchange must ensure that the PricewaterhouseCoopers Survey-Centre receives their election forms BEFORE February 28, 2002. Any forms received after this date may be subject to significant late-filing penalties, may incur processing charges, or may be returned to the sender unprocessed. Certain trusts and partnerships may have earlier tax filing deadlines. These trusts or partnerships must ensure that the PricewaterhouseCoopers Survey-Centre receives their election forms 30 days BEFORE the trust or partnership filing deadline. Any forms received after these dates may be subject to significant late-filing penalties, may incur processing charges, or may be returned to the sender unprocessed. Shareholders should send their election forms to: 180 Elgin Street Elgin Street may refer to:
U.S. resident shareholders will generally not be subject to Canadian income tax as a result of the Plan of Arrangement. Please note that the Internal Revenue Service has issued a private letter ruling stating that the Plan of Arrangement qualified as a tax-deferred transaction for U.S. federal income tax purposes for most U.S. resident shareholders. However, U.S. resident shareholders should consult with their tax advisors to ensure that they are not subject to U.S. or Canadian tax on this transaction. PanCanadian is a premier North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. energy company active in the exploration, development, production and marketing of natural gas, crude oil and natural gas liquids. The company's core areas are the Western Basin including land in Western Canada
Western Canada, commonly referred to as the West and 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. , the East Coast of Canada, the Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east and the United Kingdom. These areas are complemented by focused international exploration programs. On January 27, 2002, PanCanadian and Alberta Energy Company Ltd. announced that their Boards of Directors had unanimously agreed to merge the two companies. The combined organization will be a Canadian-headquartered, world-class independent oil and gas company with an enterprise value of more than C$27 billion. Upon completion of the transaction, expected in early April, the combined organization will operate under the name EnCana Corporation. The proposed merger is subject to shareholder, Court of Queen's Bench of Alberta The Court of Queen's Bench of Alberta is the superior court of the Canadian province of Alberta. Structure
ADVISORY - Certain information regarding the company set forth above, including Management's assessment of the company's future plans and operations, may constitute forward-looking statements under applicable securities law. The energy business necessarily involves risks associated with oil and gas exploration, development and production, generation of electricity, and marketing and transportation of energy. These risks include loss of market, volatility of prices, currency fluctuations, imprecision of reserves estimates, environmental risks, competition from other producers and ability to access sufficient capital from internal and external sources. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements. PanCanadian Energy Corporation Wesley Twiss Executive Vice President and Chief Financial Officer Shares Listed Toronto Stock Exchange: PCE New York Stock Exchange: PCX Contact: Sheila McIntosh, 403-290-2194, Audra Hyde, 403-290-3244, Investor_Relations@pancanadianenergy.com; Media: Scott Ranson, 403-290-2710, Kimberly Benn-Hilliard, 403-290-2020, Web site: http://www.pancanadianenergy.com/ |
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