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NOVA CORP. OF ALBERTA ANNOUNCES DIVIDEND NOTICE

 NOVA CORP. OF ALBERTA ANNOUNCES DIVIDEND NOTICE
 CALGARY, Alberta, Nov. 2 /PRNewswire/ -- Notice is hereby given


that the board of directors of NOVA Corp. of Alberta (NYSE: NVA; Toronto, Montreal, Calgary: NVA) has declared the following quarterly dividend, payable on Nov. 15, 1992, to shareholders of record at the close of business on Nov. 9, 1992.
 Preferred Shares
 9 1/8 percent Series, Dividend No. 31
 Dividend on the outstanding 9 1/8 percent cumulative redeemable fixed/floating rate first preferred shares for the period ending Nov. 15, 1992, will be in an amount per share equal to one quarter of 70 percent of the average of the prime rate (as defined in the provisions attaching to the 9 1/8 percent cumulative redeemable fixed/floating rate first preferred shares) in effect on each day during the three calendar months ended on the last day of October, 1992 (the "Calculation Period") multiplied by $25.00. Such dividend, payable Nov. 15, 1992, is $0.3064688 per share, based on a prime rate of 6 3/4 percent until Aug. 5, 1992, a prime rate of 6 1/2 percent until Sept. 2, 1992, a prime rate of 6 1/4 percent until Sept. 30, 1992, a prime rate of 8 1/4 percent until Oct. 27, 1992 and a prime rate of 7 3/4 percent thereafter.
 -0- 11/2/92
 /CONTACT: J.S. Mustoe, VP, general counsel and corporate secretary of NOVA, 403-290-7636/
 (NVA) CO: NOVA Corp. of Alberta IN: Alberta IN: OIL SU: DIV


BP -- LA010 -- 1618 11/02/92 12:33 EST
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Date:Nov 2, 1992
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