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QUEBECOR REACHES AN AGREEMENT WITH AN UNDERWRITER TO ISSUE 2 MILLION UNITS

 QUEBECOR REACHES AN AGREEMENT WITH AN
 UNDERWRITER TO ISSUE 2 MILLION UNITS
 MONTREAL, Jan. 16 /PRNewswire/ -- Quebecor Inc. (AMEX: PQB) today announced that it has signed an agreement with BBN James Capel Inc., whereby they have bought 2 million units at a price of $26.00. Each unit is comprised of one Class B subordinate voting shares and of one half warrant. One full warrant will be exchangeable, before Aug. 31, 1993, for one Class B subordinate voting share of Quebecor Inc. at a price of $28.00.
 This transaction, concluded this day, will bring Quebecor Inc. $50.0 million which will be used for general working capital purposes.
 The Class A shares (multiple voting shares) of Quebecor Inc. are listed on the Montreal Exchange, the Toronto Stock Exchange and the American Stock Exchange. The Class B Subordinate Voting Shares are listed on the Montreal and Toronto Stock Exchanges.
 Quebecor Inc. a continent wide communications company, is active in the publishing sector with 4 dailies, 50 weeklies, 6 monthlies, 11 magazines and numerous specials as well as books. It is also involved in publications records distribution and retail. With its 56 printing and specialized plants across Canada and the United States, the company is the second largest commercial printer in North America. Through its subsidiary Mircor Inc., its activities also comprise forest products.
 -0- 1/16/92
 /CONTACT: Franois R. Roy, vice president, finance and treasurer of Quebecor, 514-877-9777/
 (PQB) CO: Quebecor Inc. ST: Quebec IN: PUB SU: OFR


TS -- NY057 -- 0534 01/16/92 12:57 EST
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Publication:PR Newswire
Date:Jan 16, 1992
Words:258
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