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DOMINION TEXTILE ANNOUNCES FILING OF REGISTRATION STATEMENT WITH SEC

 MONTREAL, Sept. 10 /PRNewswire/ -- Dominion Textile Inc. (Montreal Stock Exchange: DTX) announced today that a registration statement has been filed today with the Securities and Exchange Commission in Washington, D.C. in connection with a proposed offering in the United States by its wholly owned subsidiary, Dominion Textile (USA) Inc. of US$150 million aggregate principal amount of Guaranteed Senior Notes due 2003. The notes will be unconditionally guaranteed by Dominion Textile Inc. and will be offered by the underwriting firms of Goldman, Sachs & Co. and The First Boston Corporation.
 The net proceeds from the offering will be used to refinance certain debt of Dominion Textile (USA) Inc. and for general corporate purposes.
 It is anticipated that the offering of the notes will be concluded during October 1993.
 Dominion Textile Inc., headquartered in Montreal, Quebec, is a major international manufacturer of textiles and textile related products, and conducts business activities in some 50 countries worldwide.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 -0- 9/10/93
 /CONTACT: Colleen Smith, director - communications & investor relations of Dominion Textile, 514-989-6012/
 (DTX)


CO: Dominion Textile Inc. ST: Quebec IN: TEX SU:

WB -- NY062 -- 0856 09/10/93 15:53 EDT
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Publication:PR Newswire
Date:Sep 10, 1993
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