Canadian natural resources limited cautions investors regarding trc capital's below market "mini-tender" offer

Calgary, alberta--(newsfile corp. - january 22, 2025) - canadian natural resources limited (tsx: cnq) (nyse: cnq) ("canadian natural" or the "company") has received notice of an unsolicited "mini-‍tender" offer made by trc capital investment corporation ("trc capital") to purchase up to 2,500,000 canadian natural common shares, or approximately 0.12% of canadian natural's outstanding shares, at a price of c$43.25 per share. the offering price represents a discount of 4.44% to the closing price of canadian natural's shares on the toronto stock exchange (the "tsx") on january 14, 2025, the last trading day before the mini-tender offer was commenced, and a 4.71‍% discount to the closing price of the canadian natural shares on the tsx on january 22, 2025.
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