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CHIEFTAIN INTERNATIONAL INC. FILES PROSPECTUS FOR 1.5-MILLION COMMON SHARE ISSUE IN CANADA

 CHIEFTAIN INTERNATIONAL INC. FILES PROSPECTUS
 FOR 1.5-MILLION COMMON SHARE ISSUE IN CANADA
 EDMONTON, Alberta, Oct. 6 /PRNewswire/ -- Chieftain International Inc. (AMEX: CID, Toronto, Alberta: CID) announced today that it has filed a preliminary prospectus with Canadian regulatory authorities for the offering in Canada of 1.5 million common shares at a price of $21.50 per share.
 Proceeds of the offering will be used to fund development activities in the United States and in other foreign jurisdictions and may be used to purchase and develop producing gas and oil properties and for general corporate purposes.
 The underwriters of the offering are a syndicate managed by ScotiaMcLeod Inc., Wood Gundy Inc., RBC Dominion Securities Inc., Levesque Beaubien Geoffrion Inc. and Richardson Greenshields of Canada Ltd.
 Chieftain is engaged in gas and oil exploration, development and production in the United States and to a lesser extent, internationally. Chieftain's common shares are traded on the American Stock Exchange, the Toronto Stock Exchange and the Alberta Stock Exchange.
 -0- 10/6/92
 /CONTACT: Tom Campbell of Chieftain International, 403-425-1950/
 (CID) CO: Chieftain International Inc. ST: Alberta IN: OIL SU: OFR


BP -- LA015 -- 7091 10/06/92 12:56 EDT
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Publication:PR Newswire
Date:Oct 6, 1992
Words:196
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