AltaGas Ltd T.ALA

RE:RE:Something is cooking on '''financing'' site $ 2,5 B possible

[GunnerG]

Normal course of business.  "Preliminary" 

Shelf Prospectus

Prospectus generally refers to the offering document used by the issuer and the underwriters to market a public offering of securities.

A shelf prospectus is a type of prospectus that allows a single short form prospectus to be filed on SEDAR for a public offering where the issuer has no present intention to immediately sell all of the securities being qualified as soon as a receipt for the final short form prospectus has been obtained. A shelf prospectus can be used to qualify multiple types of securities, any of which can be issued at a later date. A primary advantage of a shelf prospectus is that an issuer fulfills all qualification-related procedures beforehand, so that it can offer securities quickly when funds are needed or when market conditions are more favourable.

The procedure and forms for filing a preliminary base shelf prospectus and a base shelf prospectus that omit certain permitted information and a shelf prospectus supplement that contains the missing information once the particulars for an offering have been determined are contained in National Instrument 44-102 - Shelf Distributions (NI 44-102).

The preliminary base shelf prospectus is essentially the first draft of the base shelf prospectus filed with the applicable securities regulatory authorities in Canada and may omit certain information relating to the offering.

The final base shelf prospectus is an updated version of the preliminary base shelf prospectus, contains most but not all final offering information (such as pricing and underwriting details) and reflects amendments to the base shelf prospectus subsequent to the date of the preliminary base shelf prospectus. The shelf prospectus supplement contains all final offering information once the particulars for an offering have been determined.