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BOW VALLEY INDUSTRIES LTD. ANNOUNCES NOTICE OF REDEMPTION

     BOW VALLEY INDUSTRIES LTD. ANNOUNCES NOTICE OF REDEMPTION
    CALGARY, Nov. 5 /PRNewswire/ -- Bow Valley Industries Ltd. (AMEX, Toronto, Montreal: BVI) announced today that it has issued a notice of redemption for all of the company's outstanding $1.875 Cumulative Redeemable Convertible Class D PreferredShares, Series 4. Dec. 5, 1991, has been fixed as the redemption date, and the redemption price for each Class D Preferred Share, Series 4 will be $25.50 plus $0.3363, representing accrued and unpaid dividends to the date fixed for redemption.
    Each Class D Preferred Share, Series 4 is convertible, up to the close of business on Dec. 2, 1991, into 1.95 common shares of the company and as of Nov. 5, 1991, such common shares represent a value in excess of proceeds from redemption.
    -0-                            11/05/91
    /CONTACT: E.J. Lambert, Manager, Investor Relations and Public Affairs, Bow Valley Industries Ltd. 403-261-6160/
    (BVI.) CO:  Bow Valley Industries Ltd. ST:  Alberta IN:  OIL SU: SE -- LA028 -- 1452 11/05/91 17:59 EST
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Publication:PR Newswire
Date:Nov 5, 1991
Words:170
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