ENFIELD CORP PLANS NOTES, PREFERRED ISSUE

  &lt;Enfield Corp Ltd> said it planned to
  issue 60 mln dlrs principal amount of notes and 1.6 mln class E
  preferred shares at 25 dlrs a share.
      The notes would bear 8 pct yearly interest, mature March
  31, 2002 and be convertible to common shares on either March
  31, 1997 or the business day before a fixed redemption date at
  13.50 dlrs a share, Enfield said.
      It said each preferred share would be convertible to 1.85
  common shares on either March 31, 1997 or the business day
  before a fixed redemption date. Gordon Capital Corp and
  Dominion Securities Inc agreed to acquire the issues, it said.
      Enfield said it would use proceeds to retire short-term
  bank debt and boost its 22 pct stake in &lt;Consumers Packaging
  Inc> and its interest in &lt;Federal Pioneer Ltd> through open
  market purchases.
  

