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ALBERTA NATURAL GAS CO. LTD ANNOUNCE PRELIMINARY SHORT FORM PROSPECTUS

 CALGARY, Alberta, June 16 /PRNewswire/ -- Alberta Natural Gas Co. Ltd. today announced that it has filed a preliminary short form prospectus with the securities regulatory authorities of each of the provinces of Canada relating to a proposed offering of unsecured debentures. It is anticipated that approximately $100 million principal amount of debentures will be offered for sale through a syndicate of underwriters comprised of Nesbitt Thomson Inc., RBC Dominion Securities Inc. and Scotia McLeod Inc. The terms of the offering, including the interest rate on the debentures, the term of the debentures and the price at which the debentures may be sold to the underwriters have not yet been determined.
 The net proceeds of the offering will be used to fund the 1993-94 capital expenditure program for the expansion of ANG's pipeline facilities in British Columbia.
 ANG is a Calgary-based company engaged in natural gas processing and transmission, gas and liquids marketing, and specialty chemicals production and marketing.
 -0- 6/16/93
 /CONTACT: Paula Abbott, 403-691-7840, or Wayne Lunt, 403-691-7902, both of Alberta Natural Gas/
 (ANG.)


CO: Alberta Natural Gas Co. Ltd. ST: Alberta IN: OIL SU: FNC

LS-MF -- LA031 -- 2833 06/16/93 18:35 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
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