CALGARY, ALBERTA--(Marketwired - May 30, 2013) - Canadian Oil Sands Limited (COS.TO) (COSWF) (COS) today announced a donation of $3 million to the Calgary Stampede as it moves forward into its second century.
The funds will be directed towards Riverfront Park, a new urban oasis and gathering place along the Elbow River with reclaimed green space including the addition of 200 trees and 800 new shrubs. The Park will also be the new setting for Indian Village and First Nations programming.
"Canadian Oil Sands recognizes that the Calgary Stampede not only represents our city's great heritage, but also has a unique vision for building a year-round, world-class gathering place for Calgarians and visitors," said Marcel Coutu, President and Chief Executive Officer of COS. "The same Western values of determination, entrepreneurialism and a can-do spirit that created the oil sands industry were integral to transforming a small-town rodeo into The Greatest Outdoor Show on Earth. We are pleased to support an organization that prides itself in bringing people together to commemorate Calgary's Western and agricultural traditions."
In recognition of this significant contribution, the Calgary Stampede has created Canadian Oil Sands Plaza. The Plaza is next to the newly renovated Agriculture Building in Stampede Park and home to the iconic "By the Banks of the Bow" sculpture. Centrally located, the Plaza is already a popular meeting place for families and visitors alike. As the larger plans evolve, the Plaza will offer a direct sightline and primary route to the planned Riverfront Park, which is expected to attract one million visitors annually.
"Canadian Oil Sands' commitment gives us the resources we need to move ahead with the planning and initial actions needed for Riverfront Park," said Vern Kimball, CEO of the Calgary Stampede. "As one of the Stampede's largest corporate donors Canadian Oil Sands has been and is an excellent corporate partner and friend of the Calgary Stampede."
About Canadian Oil Sands Limited
Canadian Oil Sands is a pure investment opportunity in light, sweet crude oil. Through our 36.74% interest in the Syncrude project, we offer a solid, robust production stream of fully upgraded crude oil, exposure to future crude oil prices, potential growth through high-quality oil sands leases and an attractive dividend. For more information about Canadian Oil Sands please visit our web site at www.cdnoilsands.com.
About Calgary Stampede
As we enter our second century, the Calgary Stampede celebrates the people, the animals, the land, the traditions and the values that make up the unique spirit of the west. The Calgary Stampede contributes to the quality of life in Calgary and southern Alberta through our world-renowned 10-day Stampede, year-round facilities, western events and several youth and agriculture programs. Exemplifying the theme We're Greatest Together; we are a volunteer-supported, not-for-profit community organization that preserves and promotes western heritage and values. All revenue is reinvested into Calgary Stampede programs and facilities.