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CHIEFTAIN COMPLETES $32 MILLION (CANADIAN) COMMON SHARE ISSUE IN CANADA

 CHIEFTAIN COMPLETES
 $32 MILLION (CANADIAN) COMMON SHARE ISSUE IN CANADA
 EDMONTON, Alberta, Oct. 30 /PRNewswire/ -- Chieftain International Inc. (AMEX: CID; Toronto, Calgary: CID) announced today completion of a public offering of 1.5 million common shares in Canada at a price of $21.50 (Canadian) per share. Proceeds, before underwriting fees and other expenses, totaled $32.25 million (Canadian).
 The underwriters of the offering are a syndicate managed by ScotiaMcLeod Inc., Wood Gundy Inc., RBC Dominion Securities Inc., Levesque Beaubien Geoffrion Inc. and Richardson Greenshields of Canada Ltd.
 Chieftain is engaged in gas and oil exploration, development and production in the United States and internationally. Chieftain's common shares (symbol: CID) are traded on the American Stock Exchange, the Toronto Stock Exchange and the Alberta Stock Exchange.
 -0- 10/30/92
 /CONTACT: Tom Campbell of Chieftain International, 403-425-1950/
 (CID) CO: Chieftain International Inc. ST: Alberta IN: OIL SU: OFR


BP -- LA016 -- 7111 10/30/92 12:29 EST
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Publication:PR Newswire
Date:Oct 30, 1992
Words:157
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