Canadian Natural Resources Limited says that Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid through the facilities of Toronto Stock Exchange. Purchases may also be made through the facilities of the New York Stock Exchange.

The notice provides that Canadian Natural may, during the 12 month period commencing April 9, 2013 and ending April 8, 2014, purchase for cancellation on Toronto Stock Exchange, alternative Canadian markets, and the New York Stock Exchange up to 54,635,116 shares, being 5% of the 1,092,702,318 outstanding common shares as at March 31, 2013. Canadian Natural will not acquire more than 25% of the average daily trading volume of its common shares during a trading day, being 670,276 common shares subject to certain prescribed exceptions.

The price which Canadian Natural will pay for any such shares will be the market price at the time of acquisition. The actual number of common shares that may be purchased and the timing of any such purchases will be determined by Canadian Natural.

Tags: Canadian Natural Resources Ltd