Pacific Northern Gas to redeem all of its 6¾% preferreds due 2012

By Ashley Montgomery

Kansas City, Kan., Jan. 23 - Pacific Northern Gas Ltd. said it would redeem all of its outstanding 6¾% cumulative redeemable preferred shares on Feb. 27.

The redemption price is C$25.00 plus a C$1 premium plus accrued interest up to the redemption date per preferred share.

The company said the redemption price for all 200,000 shares would be C$5,252,850.

Pacific Northern Gas is a Vancouver, B.C.-based owner and operator of natural gas transmission and distribution systems.

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