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HOLLINGER INC. FILES FINAL PROSPECTUS FOR OFFERING OF LYONS NOTES

 TORONTO, Sept. 28 /PRNewswire/ -- Hollinger Inc. (Toronto: HLG) announces that it has filed today a final prospectus for its offering of Liquid Yield Option(TM) Notes ("LYONs"(TM)) due 2013 in the United States and elsewhere. As a result of strong institutional and retail demand, the gross proceeds have been increased from US$100 million to approximately US$150 million (not including the underwriter's over- allotment option). The stated amount at maturity will be US$485 million (not including the underwriter's over-allotment option). Merrill Lynch & Co. acted as sole underwriter of the offering.
 LYONs are the economic equivalent of zero coupon convertible securities. The LYONs have a yield to maturity of 6 percent per annum and are convertible into common shares of Hollinger at an initial conversion price of US$11.294 (Cdn$14.95) per share based on a 15 percent conversion premium to today's closing price on the Toronto Stock Exchange.
 The closing of this offering is expected to occur on Tuesday, Oct. 5, 1993. The net proceeds from the sale of the LYONs will be used by Hollinger to repay outstanding indebtedness.
 Hollinger is a Canadian-based international newspaper company which, through its subsidiaries and associated companies, is engaged primarily in the publishing, printing and distribution of newspapers and magazines in the United Kingdom, the United States, Canada, Australia and Israel.
 -0- 9/28/93
 /CONTACT: J.A. Boultbee, vice president-finance and treasury of Hollinger Inc., 416-363-8721/
 (HLG)


CO: Hollinger, Inc. ST: Ontario IN: PUB SU: OFR

TM -- NY100 -- 6594 09/28/93 19:23 EDT
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Publication:PR Newswire
Date:Sep 28, 1993
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