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BOW VALLEY INDUSTRIES LTD. EXTENDS EXPIRY DATE OF ITS SMALL SHAREHOLDER SELLING PROGRAM

 BOW VALLEY INDUSTRIES LTD. EXTENDS EXPIRY DATE
 OF ITS SMALL SHAREHOLDER SELLING PROGRAM
 CALGARY, Alberta, Jan. 15 /PRNewswire/ -- Bow Valley Industries Ltd. (AMEX: BVI, Toronto, Montreal: BVI) will extend the expiry date of its Small Shareholder Selling Program to March 18, 1992. Originally scheduled to expire on Jan. 15, 1992, the program enables eligible shareholders who own 99 or fewer common shares as at the Oct. 4, 1991, record date, to sell their odd-lot holdings without incurring brokerage fees. The sale of the shares will be executed in the open market through a Toronto Stock Exchange member firm.
 The extension is being made with the approval of The Toronto Stock Exchange under its Policy Statement No. 31. The Proxy Solicitation Company Ltd. has been retained to manage the program and to handle share transactions and payments for Bow Valley Industries Ltd.
 Bow Valley Industries Ltd. is a Calgary-based company with shares listed for trading on the Toronto, Montreal and American Stock Exchanges (stock symbol BVI). Questions concerning the program should be directed to The Proxy Solicitation Company Ltd. at 800-387-9806.
 -0- 1/15/92
 /CONTACT: E.J. Lambert of Bow Valley Industries Ltd., 403-261-6160/
 (BVI) CO: Bow Valley Industries Ltd. ST: Alberta IN: OIL SU:


DM-CH -- LA015 -- 0018 01/15/92 12:50 EST
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Publication:PR Newswire
Date:Jan 15, 1992
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