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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GoviEx Successfully Closes Upsized $10.5 Million Private Placement Led by Strategic Zambian Group and Supported by GoviEx Insiders

GoviEx Successfully Closes Upsized $10.5 Million Private Placement Led by Strategic Zambian Group and Supported by GoviEx Insiders

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or the "Company") is pleased to announce the closing of its previously disclosed, upsized private placement offering (the "Offering") for aggregate gross proceeds of approximately $10,470,600 CAD. A total of 209,412,000 Units (the "Units") were sold at a price of $0.05 CAD per Unit (the "Offering Price").

A privately held, multi-sector Zambian investment Group (the "Group") anchored the financing. With interests spanning agriculture, natural-resource and power assets, and financial services, the Group now holds an initial, material equity position in GoviEx, establishing a partnership aligned with the development of the Company's Muntanga Project.

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GoviEx Uranium Announces Upsize of Private Placement to up to $10.5 Million

GoviEx Uranium Announces Upsize of Private Placement to up to $10.5 Million

GoviEx Uranium Inc. (TSXV: GXU) ("GoviEx" or the "Company") is pleased to announce that, due to significant investor demand, it has upsized its private placement. Further to its news release of 30 April 2025 in which the Company announced a private placement financing of up to 160,000,000 units at a price of $0.05 per Unit for aggregate gross proceeds of up to $8.0 million, the Company is now increasing the private placing financing up to 210,000,000 (the "Units") at a price of $0.05 per Unit (the "Issue Price"), for aggregate gross proceeds of up to $10.5 million (the "Offering").

The Units to be issued under the private placement will be Hold Units only and pursuant to the exemptions under National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") including the accredited investor exemption. Hold Units will be subject to the statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

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Cameco Reports Q1 Results: Strong Consolidated Financial and Operational Results; Average Realized Price Benefitting From Long-Term Contracting Strategy; Full-Cycle Market Fundamentals Remain Positive

Cameco Reports Q1 Results: Strong Consolidated Financial and Operational Results; Average Realized Price Benefitting From Long-Term Contracting Strategy; Full-Cycle Market Fundamentals Remain Positive

Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the first quarter ended March 31, 2025, in accordance with International Financial Reporting Standards (IFRS).

"Cameco's first quarter performance across our uranium, fuel services, and Westinghouse segments was robust, reflecting our disciplined strategic alignment and continued positive momentum across the nuclear energy market," said Tim Gitzel, Cameco's president and CEO. "We've repeatedly highlighted our view that full-cycle demand is more durable than ever, and the perseverance of the positive nuclear market momentum through recurring cycles of uncertainty, has served to reinforce that perception of durability. The market has faced challenges to Central Asian supply, the unexpected remapping of global geopolitics and flows across the nuclear fuel cycle, and now, the unstable and unpredictable global economic environment and trade turmoil that is impacting every country. Through it all, nuclear energy has maintained strong, if not growing support based on its key attributes that back energy security, national security, and climate security.

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Strategic Zambian Group Leads GoviEx's Amended and Expanded Private Placement

Strategic Zambian Group Leads GoviEx's Amended and Expanded Private Placement

  • Financing increased to $8.0 million with majority funds committed by strategic group
  • Amended offering consists exclusively of Hold Units

GoviEx Uranium Inc. (TSXV: GXU) (OTCQB: GVXXF) ("GoviEx" or the "Company") announces that, further to its news release of March 20 and March 28, 2025 in which the Company announced a private placement financing of up to 150,000,000 units for aggregate gross proceeds of up to $7.5 million, the Company is increasing the private placing financing up to 160,000,000 units (the "Units") at a price of $0.05 per Unit (the "Issue Price"), for aggregate gross proceeds of up to $8.0 million (the "Offering").

The Company has already received signed subscription agreements exceeding $7 million of the private placement, the majority of which was led by a strategic Zambian group who would like to see the Muntanga Project developed to production.

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