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THE MONTREAL EXCHANGE ACCEPTS NOTICE BY PROMATEK INDUSTRIES LTD. CONCERNING SHARES

 THE MONTREAL EXCHANGE ACCEPTS NOTICE BY PROMATEK INDUSTRIES LTD.
 CONCERNING SHARES
 MONTREAL, Feb. 17 /PRNewswire/ -- The Montreal Exchange has accepted today a notice filed by Promatek Industries Ltd./Les Industries Promatek Lte. that it intends to acquire shares pursuant to a normal course issuer bid.
 Promatek Industries Ltd. repurchased 50,000 of its common shares during the period commencing on Nov. 15, 1990 and ending on Nov. 14, 1991.
 Promatek Industries Ltd. intends to purchase a maximum of 171,894 of its common shares during the period commencing on Feb. 17, 1992 and ending on Feb. 16, 1993, such amount representing less than 5 percent of the 3,437,900 outstanding common shares on Feb. 17, 1992. All such purchases will be effected through the Montreal Exchange in accordance with its by-laws and rules. The price to be paid will be the market price of the shares at the time of acquisition.
 Promatek Industries Ltd. considers that its shares are presently undervalued and represent an excellent investment.
 Copies of the notice are available from Promatek Industries Ltd.
 -0- 2/17/92
 /CONTACT: Judah Eliahoo of Promatek, 514-737-7747/
 (PMK.) CO: Promatek Industries Ltd. ST: Quebec IN: SU:


AH -- NY027 -- 3902 02/17/92 16:14 EST
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Publication:PR Newswire
Date:Feb 17, 1992
Words:205
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