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NOVA CORPORATION OF ALBERTA UNDERWRITERS EXERCISE OPTION

 NOVA CORPORATION OF ALBERTA UNDERWRITERS EXERCISE OPTION
 CALGARY, Alberta, April 30 /PRNewswire/ -- NOVA Corporation of


Alberta (NYSE: NVA) announced today that the underwriters to the recently completed public offering of 42 million common shares have exercised their option to acquire an additional 3 million common shares at the issue price of $7.50 per share to cover over-allotments.
 As a result, NOVA has issued a total of 45 million common shares and received total net proceeds of $323 million, which have been used to reduce non-cost-of-service debt.
 NOVA is a widely held company operating internationally from headquarters in Calgary. NOVA builds its future on pipelines, and the manufacturing and marketing of chemicals produced primarily from Alberta natural resources.
 -0- 4/30/92
 /CONTACT: R. C. Milner, 403-290-7788, or C. A. Read, 403-290-7807, both of NOVA/
 (NVA) CO: NOVA Corporation of Alberta ST: Alberta IN: OIL SU:


GK -- NY041 -- 4824 04/30/92 10:23 EDT
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Publication:PR Newswire
Date:Apr 30, 1992
Words:155
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