Canadian Natural Resources Proposes 2 for 1 Stock Split
Canadian Natural Resources Limited (TSX: CNQ, NYSE: CNQ) announces that the Board of Directors will recommend to the shareholders that the Company's common shares be subdivided on the basis of 2:1. The proposal will be voted on at the Annual and Special Meeting of the Shareholders to be held May 5, 2005. If approved, it is expected that the record date for determining shareholders entitled to participate in the subdivision of the Company's common shares will be on or about May 20, 2005 and that the share certificates representing the additional common shares will be issued on or about May 27, 2005. In commenting on the stock split, Allan Markin, Chairman, stated "by increasing the number of our common shares, we increase our trading liquidity which should result in a wider share ownership base."
Canadian Natural currently has approximately 268.2 million common shares issued and outstanding.
Canadian Natural is a senior oil and natural gas production
company, with continuing operations in its core areas located in
Western Canada, the U.K. portion of the North Sea and Offshore West
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