Canadian Natural Resources Limited Announces Amendment to Stock Option Plan

Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural" or the "Company") announces that it has amended its Amended, Compiled and Restated Stock Option Plan (the "Plan") to clarify that the amendment provisions of the Plan require shareholder approval for any amendments to such provisions (the "Amendment"). The Amendment updates the disclosure on page 16 and Schedule D of Canadian Natural's proxy statement and management information circular dated March 19, 2025 (the "Circular") and is effective as of the date hereof.

Canadian Natural's shareholders are being asked to approve all unallocated stock options pursuant to the Plan, as modified by the Amendment, at the Company's upcoming annual and special meeting of shareholders to be held on May 8, 2025 at 11:00 am (MDT). Canadian Natural believes that the Amendment is consistent with the policies of Institutional Shareholder Services ("ISS") and encourages all shareholders to vote FOR the approval of the unallocated stock options under the Plan, as modified by the Amendment, all as more particularly described in the Circular.

Canadian Natural is a senior crude 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 Africa.

 Canadian Natural Resources LIMITED
T (403) 517-6700   F (403) 517-7350   E ir@cnrl.com
2100, 855 - 2 Street S.W. Calgary, Alberta, T2P 4J8
www.cnrl.com
 
 
 
 
 
 SCOTT G. STAUTH
President
 
MARK A. STAINTHORPE
Chief Financial Officer
 
LANCE J. CASSON
Manager, Investor Relations
 
Trading Symbol - CNQ
Toronto Stock Exchange
New York Stock Exchange
 

 

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. The Company does not undertake to update forward-looking statements except as required by applicable securities laws. Refer to our website for detailed forward-looking statements and notes regarding Non-GAAP and Other Financial Measures at www.cnrl.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248645

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Canadian Natural Resources Limited Reports Voting Results at Annual and Special Meeting

Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) held its Annual and Special Meeting of Shareholders on May 2, 2024. The result of the vote by shareholders for each resolution is reported below.

  1. The election of the following nominees as directors of the Corporation for the ensuing year or until their successors are elected or appointed.

Votes ForVotes Withheld
              Catherine M. Best739,666,794
97.19%
21,395,027
2.81%
              M. Elizabeth Cannon755,414,889
99.26%
5,646,932
0.74%
              N. Murray Edwards734,115,206
96.46%
26,946,615
3.54%
              Christopher L. Fong730,264,360
95.95%
30,797,461
4.05%
              Ambassador Gordon D. Giffin681,630,086
89.56%
79,431,703
10.44%
              Wilfred A. Gobert749,993,920
98.55%
11,067,902
1.45%
              Christine M. Healy759,396,832
99.78%
1,664,989
0.22%
              Steve W. Laut752,522,642
98.88%
8,539,180
1.12%
              Honourable Frank J. McKenna713,843,507
93.80%
47,218,314
6.20%
              Scott G. Stauth755,136,229
99.22%
5,925,592
0.78%
              David A. Tuer721,224,440
94.77%
39,837,382
5.23%
              Annette M. Verschuren757,804,674
99.57%
3,257,147
0.43%




Votes ForVotes Withheld
  1. The appointment of PricewaterhouseCoopers LLP as auditors of the Corporation for the ensuing year and to authorize the Audit Committee of the Board of Directors to fix their remuneration.
733,200,212
94.14%
45,678,373
5.86%

Votes ForVotes Against
  1. Vote on Share Split of Issued and Outstanding Common Shares of the Corporation be subdivided on a two for one basis.
774,321,586
99.41%
4,556,996
0.59%

Votes ForVotes Against
  1. On an advisory basis, approval of the Corporation's approach to executive compensation.
748,228,501
98.31%
12,833,315
1.69%

 

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Canadian Natural Resources Limited Announces Further Details Regarding Share Split

Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) ("Canadian Natural") announced today that it has set June 3, 2024 as the record date (the "Record Date") for the previously announced two for one split of its common shares (the "Share Split"). The Share Split was approved by shareholders of Canadian Natural at its annual and special meeting of shareholders held on May 2, 2024. On June 10, 2024 (the "Payment Date"), shareholders of record as of the close of business on the Record Date will receive one additional share for every one common share held.

As of the close of markets on May 2, 2024, Canadian Natural had 1,068,104,423 common shares issued and outstanding. Adjusted for the Share Split, there would have been 2,136,208,846 common shares issued and outstanding.

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Canadian Natural Resources Limited Announces Quarterly Dividend

Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of $1.05 (one dollar and five cents) per common share on a pre-stock split basis or $0.525 (fifty-two and one half cents) per common share after giving effect to the two for one stock split of the common shares, subject to approval at the Company's Annual and Special Meeting of Shareholders on May 2, 2024. The dividend will be payable on July 5, 2024 to shareholders of record at the close of business on June 17, 2024.

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Canadian Natural Resources Limited Announces 2024 First Quarter Results

Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's first quarter results, "Canadian Natural is a world class company and during our 35 years of operations, we've delivered significant value, including recently reaching a position where, commencing in 2024, we are returning 100% of our free cash flow to our shareholders. Crude oil price forecasts have strengthened for the remainder of 2024, including improvements in West Texas Intermediate ("WTI"), Western Canadian Select ("WCS") and Synthetic Crude Oil ("SCO") pricing over those prices experienced in the first quarter of 2024, driving significant targeted free cash flow generation going forward.

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Canadian Natural Resources Limited Announces 2023 Fourth Quarter and Year End Results

Highlighting a successful 2023, Canadian Natural's (TSX: CNQ) (NYSE: CNQ) Chief Financial Officer, Mark Stainthorpe, stated "Through the Company's effective and efficient operations and disciplined capital allocation, we achieved our net debt level of $10 billion in Q423, earlier than previously forecasted. As per our free cash flow allocation policy, we will now target to return 100% of free cash flow to shareholders through dividends and share buybacks."

Canadian Natural's Vice Chairman, Tim McKay, also commented "In 2023, we delivered on our capital allocation strategy by strengthening our balance sheet, providing significant returns to shareholders and strategically developing our assets. We achieved record annual production while growing our reserves organically on both a total proved and total proved plus probable basis, with reserve replacement ratios of 166% and 194% respectively.

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Purepoint Announces Amendment of Omnibus Equity Incentive Compensation Plan

Purepoint Announces Amendment of Omnibus Equity Incentive Compensation Plan

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (the "Company") announced that its proposed amendment to its Omnibus Equity Incentive Compensation Plan (the "Omnibus Plan") was approved by the Company's shareholders at its annual and special meeting of shareholders held on May 28, 2025. The amendment increased the number of common shares of the Company reserved for grant of restricted share units ("RSUs") and performance share units ("PSUs") under the Omnibus Plan from 3,688,894 to 6,426,776, representing 10% of the issued and outstanding shares of the Company as of today. The amended Omnibus Plan includes a 10% "rolling" option plan and a fixed plan permitting 6,426,776 common shares of the Company to be reserved for grant of RSUs and PSUs. Please refer to the Company's management information circular dated April 16, 2025, which is available under the Company's profile at www.sedarplus.ca for a copy and a summary of the amended Omnibus Plan.

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Skyharbour's Partner Company Mustang Energy Commences Field Program at 914W Uranium Project Located in the Athabasca Basin, Saskatchewan

Skyharbour's Partner Company Mustang Energy Commences Field Program at 914W Uranium Project Located in the Athabasca Basin, Saskatchewan

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ("Skyharbour" or the "Company") is pleased to announce that partner company Mustang Energy Corp. ("Mustang") has commenced its 2025 field exploration program at the 914W Uranium Project (the "Project"), located in Athabasca Basin region. Mustang Energy may acquire a 75% interest in the Project by issuing common shares having an aggregate value of CAD $480,000, making aggregate cash payments of $275,000 to Skyharbour, and incurring an aggregate of $800,000 in exploration expenditures on the property over a three-year period.

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Blue Sky Uranium Schedules Start of Drill Program for Ivana Uranium-Vanadium Project

Blue Sky Uranium Schedules Start of Drill Program for Ivana Uranium-Vanadium Project

TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL2
OTCQB Venture Market (OTC): BKUCF

Blue Sky Uranium Corp. (TSX-V: BSK) (FSE: MAL2) (OTC: BKUCF), ("Blue Sky" or the "Company") is pleased to announce that it has secured drill contractors and scheduled a start date of June 1 st 2025 for the previously announced drill programs to advance the Ivana Uranium-Vanadium Project (the " Project ").  As reported on May 14, 2025 Blue Sky's joint-venture operating company Ivana Minerales S.A., (" JVCO ", a partnership with Abatare Spain, S.L.U.) has planned a two-phase drilling campaign. The first phase will focus on infill drilling at the Ivana deposit, while the subsequent second phase will test satellite targets.  The entire campaign is expected to last approximately five months.

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Purepoint Completes Initial Drill Program Along Groomes Lake Conductive Corridor at Smart Lake JV

Purepoint Completes Initial Drill Program Along Groomes Lake Conductive Corridor at Smart Lake JV

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") today reported the completion of its initial drill program at the Smart Lake Joint Venture in Saskatchewan's Athabasca Basin. The first-pass program, which included 1,264 metres of diamond drilling across three holes, was conducted to test newly identified electromagnetic (EM) conductors along the Groomes Lake Conductive Corridor. The drill program provided a critical step in defining high-priority uranium exploration targets associated with the Groomes Lake conductive features.

The Smart Lake Project is a joint venture between Cameco Corporation (73%) and Purepoint (27%) and is located approximately 60 km south of the former Cluff Lake uranium mine and 18 km west-northwest of Purepoint's Hook Lake JV project.

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Purepoint Uranium Announces Flow-Through Private Placement

Purepoint Uranium Announces Flow-Through Private Placement

Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) ("Purepoint" or the "Company") announced a non-brokered private placement (the "Offering") of up to 4,347,826 flow-through units (the "Flow-Through Units") at a price of $0.23 per unit for aggregate gross proceeds up to $1,000,000. Each Flow-Through Unit consists of one common share of the Company to be issued on a "flow through" basis pursuant to the Income Tax Act (Canada) (each a "Flow-Through Share") and one-half (12) of one common share purchase warrant. Each whole warrant entitles its holder to purchase one common share of the Company (each a "Warrant Share") at an exercise price of $0.30 per share for a period of 24 months from the date of issuance. Red Cloud Securities Inc. is acting as a finder in connection with the offering.

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