Dec 12 (Reuters) - Canadian Natural Resources Ltd CNQ.TO
* Canadian natural resources ltd - upon closing of transaction company will receive gross proceeds of $350 million in cash
* Canadian natural resources - expects to record an after-tax gain on disposition of approximately $200 million, based upon preliminary value allocations
* Canadian natural resources - transaction consists of monetization of co's entire 15% interest of cold lake pipeline, 14.7% interest in cold lake limited partnership
* Canadian natural resources-upon closing of deal co will receive 6.4 million common shares of inter pipeline at an ascribed value of $177.5 million
* Canadian natural resources - after completion of sale, co will retain access to cold lake pipeline system for portions of company's crude oil volumes
* Canadian natural resources limited announces the sale of its ownership interest in the cold lake pipeline Source text for Eikon: ID:nCCN74HQ7Z Further company coverage: CNQ.TO