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BOW VALLEY INDUSTRIES LTD. ANNOUNCES ELECTION OF DIRECTORS, DECLARATION OF DIVIDENDS

 BOW VALLEY INDUSTRIES LTD. ANNOUNCES ELECTION OF DIRECTORS,
 DECLARATION OF DIVIDENDS
 CALGARY, Alberta, May 6 /PRNewswire/ -- Bow Valley Industries Ltd. (AMEX: BVI, Toronto, Montreal: BVI) announced today that Daryl K. (Doc) Seaman has retired as chairman of the board of the company.
 At the company's annual meeting held today, the shareholders elected David R. Chellingsworth, Howard W. Dalton, Douglas H. Ebdon, John T. Ferguson, Frederick A.M. Huycke, Gordon F. Osbaldeston, Adrian R. Webb, Robert G. Welty and Jerry R. Wright to serve as directors until the next annual meeting.
 Following the meeting, A.M. Huycke was appointed chairman of the board of the company.
 Bow Valley Industries Ltd. also announced today that the board of directors has declared the following dividends payable on June 30, 1992 to shareholders of record at the close of business on June 5, 1992:
 -- $0.5125 per share on the $2.05 cumulative redeemable class D preferred, series 1 shares;
 -- U.S. $0.50 per share on the U.S. $2 cumulative redeemable class D preferred, series 2 shares;
 -- $0.50625 per share on the $2.025 cumulative redeemable convertible class D preferred, series 3 shares; and
 -- $0.56 per share on the $0.56 cumulative redeemable convertible class Z preferred, series 4 shares.
 -0- 5/6/92
 /CONTACT: Elaine J. Lambert of Bow Valley Industries, 403-261-6160/
 (BVI) CO: Bow Valley Industries Ltd. ST: Alberta IN: OIL SU: DIV PER


KJ -- LA017 -- 7132 05/06/92 12:57 EDT
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Publication:PR Newswire
Date:May 6, 1992
Words:245
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