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MAGNA INTERNATIONAL FILES SHORT FORM FINAL PROSPECTUS WITH ONTARIO SECURITIES COMMISSION

         MAGNA INTERNATIONAL FILES SHORT FORM FINAL PROSPECTUS
                   WITH ONTARIO SECURITIES COMMISSION
    MARKHAM, Ontario, Jan. 28 /PRNewswire/ -- Magna International Inc. (NASDAQ: MAGAF) announced today that it has filed a short form final prospectus with the Ontario Securities Commission and the Securities and Exchange Commission in the United States in accordance with the Multijurisdictional Disclosure System. The prospectus does not relate to a new offering of securities to the public, but merely qualifies for distribution in Ontario, and registers in the United States, the Class A Subordinate Voting Shares issuable to holders of certain previously issued securities, including the 10 percent Convertible Subordinated Debentures issued by Magna on a private placement basis in May 1991. In addition, the prospectus registers the Debentures in the United States only.
    -0-    1/28/92
    /CONTACT:  David A. Copeland, executive vice-president and chief financial officer of Magna International, 416-477-7766/
    (MAGAF) CO:  Magna International Inc. ST:  Ontario IN:  AUT SU: SH -- NY006 -- 4344 01/28/92 15:05 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jan 28, 1992
Words:162
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