BILL C-3 (As passed by the House of Commons)

	SUMMARY
	This enactment relates to the mandatory provisions in the articles of Cameco Corporation (formerly Eldorado Nuclear Limited) and Petro-Canada.
	The enactment provides that the articles of Cameco Corporation will have to contain a 15 % individual non-resident share ownership limit for voting shares as well as a cap on aggregate non-resident share ownership voting rights of 25 %.
	The enactment also provides that the articles of Petro-Canada will have to be amended to allow for a 20 % individual share ownership limit, while the aggregate non-resident share ownership limits will be eliminated. In addition, the prohibition on the sale, transfer or disposal of all or substantially all of Petro-Canada's upstream and downstream assets will be replaced with a similar prohibition on the sale, transfer or disposal of all or substantially all of its assets, without distinguishing between the upstream and downstream sectors of activity.