BOW VALLEY INDUSTRIES&lt;BVI> SETS SECONDARY ISSUE

  Bow Valley Industries Ltd said
  it filed a preliminary short form prospectus in Canada and the
  United States for a secondary offering of 22.8 pct of
  outstanding common stock, or 9,362,197 common shares, being
  sold by certain shareholders.
      The company said Bowcan Holdings Inc, a holding company
  principally owned by the Seaman brothers of Calgary and Charles
  Rosner Bronfman Trust of Montreal, is offering to sell all of
  its holding of 8,279,665 Bow Valley common shares.
      The balance of the offering is owned directly and
  indirectly by various trusts of Jean and Charles deGunzberg.
      Proceeds and expenses from the secondary offering of Bow
  Valley Industries common shares are for the account of the
  selling shareholders, the company said.
      The shareholders will engage Salomon Brothers Inc for
  distribution of the shares in the United States and McLeod
  Young Weir Ltd for distribution in Canada.
  

