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Imperial Oil announces medium term note program
| Toronto, ON, March 28, 2002
| Imperial Oil Limited today announced that it has filed a Preliminary Short Form Shelf Prospectus with the provincial and territorial securities regulatory authorities in Canada in connection with the issuance of Medium Term Notes. The Medium Term Notes may be issued from time to time during the 25 months following a receipt for a Final Short Form Shelf Prospectus in an aggregate principal amount of up to Cdn. $1,000,000,000 (or the equivalent in foreign currencies). Net proceeds resulting from the issuance of Medium Term Notes will be used for general corporate purposes.
The Medium Term Notes are rated AAA by Standard & Poor's and AA by Dominion Bond Rating Service Limited. The dealers for the Medium Term Note program will be TD Securities Inc., RBC Dominion Securities Inc., CIBC World Markets Inc. and Scotia Capital Inc.
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