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THE LOEWEN GROUP ANNOUNCES 2,000,000 COMMON SHARE ISSUE

 THE LOEWEN GROUP ANNOUNCES 2,000,000 COMMON SHARE ISSUE
 VANCOUVER, British Columbia, July 22 /PRNewswire/ -- The Loewen Group Inc. (NASDAQ: LWNGF, Toronto: LWN) announced today that an underwriting group of Nesbitt Thomson Inc., RBC Dominion Securities Inc., Loewen Ondaatje McCutcheon & Company Ltd., Goldman Sachs Canada, Goepel Shields and Partners Inc., McLean McCarthy, Richardson Greenshields of Canada Ltd. and Majendie Securities has agreed to purchase 2 million common shares of the company at a price of $17.25 per share. The offering will be made in compliance with provincial securities laws and stock exchange requirements and will not be made in the United States. Closing of the issue is expected to take place in mid-August.
 The net proceeds of the issue will be used to pay down the company's credit facility until they are re-drawn to finance the company's ongoing acquisition program.
 The Loewen Group Inc., headquartered in Burnaby, British Columbia, is the largest funeral service corporation in Canada and the second largest in North America. The company's stock trades on both the Toronto Stock Exchange and NASDAQ National Market.
 -0- 7/22/92
 /CONTACT: Robert B. Lundgren, senior VP-finance and corporate development of The Loewen Group, 604-299-9321/
 (LWNGF LWN.) CO: The Loewen Group Inc. ST: British Columbia IN: SU:


KJ -- LA019 -- 2010 07/22/92 14:20 EDT
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Publication:PR Newswire
Date:Jul 22, 1992
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