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NOVA CORP. COMPLETES TRANSACTIONS TO BECOME LARGEST SHAREHOLDER IN METHANEX CORP.

 CALGARY, Alberta, Jan. 14 /PRNewswire/ -- NOVA Corporation of Alberta (NYSE: NVA; London, Toronto, Montreal, Alberta), announced this morning it has completed a series of transactions that will result in NOVA owning approximately a 24 percent interest, or about 47 million common shares in Methanex Corp. of Vancouver, British Columbia. With the completion of the transactions, NOVA is now the largest single shareholder in Methanex.
 NOVA is committed to becoming the best natural gas services and petrochemicals company -- integrated, worldwide. Its common shares are listed on the New York, London, Toronto, Montreal, and Alberta Stock Exchanges under the symbol NVA.
 -0- 1/14/94
 /CONTACT: Terry Poole, senior VP, 403-290-7714, Bill Rowe, Investor Relations, 403-290-7807; or Paul Clark, Public Affairs, 403-290-7603/
 (NVA)


CO: NOVA Corporation of Alberta; Methanex Corp. ST: Alberta IN: OIL SU: TNM

JB -- LA010 -- 1210 01/14/94 12:45 EST
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Publication:PR Newswire
Date:Jan 14, 1994
Words:143
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