Printer Friendly

ALBERTA NATURAL GAS COMPANY LTD. ANNOUNCES AGREEMENT TO SELL 8.40 PERCENT UNSECURED DEBENTURES

 CALGARY, Alberta, June 22 /PRNewswire/ - Alberta Natural Gas Co. Ltd. today announced that, in connection with its previously announced offering of debentures, it has agreed to sell $110 million principal amount of 8.40 percent unsecured debentures due 2003 to a syndicate of underwriters, for resale to the public in Canada. The syndicate is composed of Nesbitt Thomson Inc., RBC Dominion Securities Inc. and ScotiaMcLeod Inc.
 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. It is anticipated that the offering will close in mid-July, subject to the receipt of all requisite regulatory approvals.
 ANG is a Calgary-based company engaged in natural gas processing and transmission, gas and liquids marketing, and specialty chemicals production and marketing.
 -0- 6/22/93
 /CONTACT: Paula Abbott, 403-691-7840, or Wayne Lunt, 403-691-7902, both of Alberta Natural Gas Co./
 (ANG.)


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

LM-LS -- LA016 -- 4613 06/22/93 13:58 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 22, 1993
Words:172
Previous Article:GREAT WESTERN PREFERRED DIVIDENDS DECLARED
Next Article:AMERICAN STORES CO. DECLARES QUARTERLY CASH DIVIDEND, RE-ELECTS FIVE CLASS III DIRECTORS
Topics:


Related Articles
MAKOWSKI APPOINTS LUCAS TO FUELS & SERVICES POST
BROOKLYN UNION AFFILIATE SELLS GAS PROPERTIES IN ALBERTA
PANCANADIAN PURCHASES ANG LIQUIDS BUSINESSES
NOVA CORP. AFFILIATE NGC TO COMBINE WITH TRIDENT NGL
NOVAGAS CLEARINGHOUSE AGREES TO ACQUIRE INTERESTS IN TWO GAS PLANTS FROM INTERNATIONAL COLIN
NGC CORP. AND NOVA CORP. ANNOUNCE PLANS TO COMBINE PAN-ALBERTA GAS WITH NOVAGAS CLEARINGHOUSE
PRELIMINARY PROSPECTUS FILED FOR PANCANADIAN PETROLEUM $200 MILLION OFFERING OF DEBENTURES
Mobil Oil Canada and its Partners Reach Agreement on Harmattan Gas Plant With Novagas Canada
AEC To Offer U.S.$150 Million of Preferred Securities.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters