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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000945234-03-000288.txt : 20030522
<SEC-HEADER>0000945234-03-000288.hdr.sgml : 20030522
<ACCEPTANCE-DATETIME>20030522102154
ACCESSION NUMBER:		0000945234-03-000288
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030521
FILED AS OF DATE:		20030522

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			METHANEX CORP
		CENTRAL INDEX KEY:			0000886977
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20115
		FILM NUMBER:		03715491

	BUSINESS ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		6046847500

	MAIL ADDRESS:	
		STREET 1:		1800 WATERFRONT CENTER
		STREET 2:		200 BURRARD STREET
		CITY:			VANCOUVER BC CANADA
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>o09946e6vk.htm
<DESCRIPTION>PRESS RELEASES DATED MAY 21,2003
<TEXT>
<HTML>
<HEAD>
<TITLE>e6vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">

<P align="center"><FONT size="4"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B><BR>
</FONT>
<FONT size="3"><B>WASHINGTON, D.C. 20549</B>
</FONT>


<P align="center"><FONT size="5"><B>FORM 6-K</B>
</FONT>

<P align="center"><FONT size="2"><B>REPORT OF FOREIGN PRIVATE
ISSUER<BR>&nbsp;<BR>
PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B>
</FONT>

<P align="center"><FONT size="2"><B>FOR THE MONTH OF MAY 2003</B>
</FONT>

<CENTER>
<P align="center"><FONT size="6"><B>METHANEX CORPORATION</B></FONT>
<FONT size="2">
<HR size="1" width="60%" noshade align="center">
<I>(Registrant&#146;s name)</I>
</FONT>
</CENTER>
<CENTER>
<P align="center"><FONT size="2"><B>SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA</B>
<HR size="1" width="60%" noshade align="center">
<I>(Address of principal executive offices)</I>
</FONT>
</CENTER>

<P><FONT size="2">Indicate by check mark whether the registrant files or will file annual reports
under cover Form&nbsp;20-F or Form&nbsp;40-F.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="70%">
<TR valign="bottom">
        <TD width="49%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top" nowrap align="center"><FONT size="2">Form&nbsp;20-F&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#111;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" nowrap valign="top"><FONT size="2">Form&nbsp;40-F&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#120;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule&nbsp;12g3-2(b) under the Securities Exchange Act of 1934.
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="70%">
<TR valign="bottom">
        <TD width="49%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top" nowrap align="center"><FONT size="2">Yes&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#111;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="center" nowrap valign="top"><FONT size="2">No&nbsp;&nbsp;&nbsp;</FONT><FONT
face="wingdings">&#120;</FONT></TD>
</TR>
</TABLE>
</CENTER>



<P><FONT size="2">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in
connection with Rule&nbsp;12g3-2(b): 82-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.
</FONT>

<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on behalf by the
undersigned, thereunto duly authorized.
</FONT>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="49%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="46%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="3" align="left" valign="top"><FONT size="2"><B>METHANEX CORPORATION</B></FONT></TD>
</TR>
<TR>
 <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><FONT size="2">Date:&nbsp;&nbsp;May 22, 2003</FONT></TD>
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">By:</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD valign="top"><FONT size="2">/s/&nbsp;&nbsp;&nbsp;RANDY MILNER
<HR size="1" width="60%" align="left" noshade>
Name:&nbsp;&nbsp;Randy Milner<BR>
Title:&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President, General Counsel<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#38; Corporate Secretary</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P align="center"><FONT size="2"></FONT>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="50%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="bottom"><FONT size="6"><B><I>NEWS RELEASE</I></B></FONT></TD>
        <TD><FONT size="3">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="3">
<IMG src="o09946o09946z0001.gif" alt="(METHANEX LOGO)"></FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="3">&nbsp;</FONT></TD>
        <TD><FONT size="3">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="3">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="3">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">
Methanex Corporation<BR>
1800 &#150; 200 Burrard St.<BR>
Vancouver, BC Canada V6C 3M1<BR>
Toll-Free: 1-800-661-8851</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2"><B><I>For immediate release</I></B>
</FONT>
<P align="left"><FONT size="2"><B>METHANEX CORPORATION ANNOUNCES SECONDARY OFFERING OF ITS COMMON SHARES</B>
</FONT>

<P align="left"><FONT size="2"><B>May&nbsp;21, 2003</B>
</FONT>

<P><FONT size="2">Methanex Corporation today announced that the Company and its largest
shareholder, NOVA Chemicals Corporation (NOVA), have entered into an agreement
with a syndicate of underwriters in connection with a secondary offering of
37,946,876 of the Company&#146;s common shares owned by NOVA at an offering price of
CAD$13.30 per share, or US$9.85 per share, for aggregate proceeds of CAD$504.7
million, or US$373.8&nbsp;million. Methanex will not receive any proceeds from the
offering. Closing is expected to take place on or about June&nbsp;5, 2003.
</FONT>
<P><FONT size="2">RBC Capital Markets is acting as lead manager for the offering and CIBC World
Markets is acting as co-lead manager. Other members of the syndicate include
Scotia Capital, TD Securities, Citigroup and UBS Warburg.
</FONT>
<P><FONT size="2">The offering will be made concurrently in Canada and the United States pursuant
to the multi-jurisdictional disclosure system. Methanex has filed a
preliminary prospectus with regulatory authorities in Canada. A registration
statement relating to these securities has also been filed with the U.S.
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any State in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such State. When available, a copy of the
preliminary prospectus may be obtained from RBC Capital Markets Prospectus
Department 60 South Sixth Street Minneapolis, MN 55402-4422.
</FONT>
<P><FONT size="2">Methanex is the world&#146;s largest producer and marketer of methanol. Methanex
shares are listed for trading on the Toronto Stock Exchange in Canada under the
trading symbol &#147;MX&#148; and on the Nasdaq National Market in the United States
under the trading symbol &#147;MEOH.&#148;
</FONT>
<P align="center"><FONT size="2">- end -
</FONT>
<P><FONT size="2"><B>Inquiries:</B>
</FONT>
<P><FONT size="2">Chris Cook<BR>
Director, Investor Relations<BR>&nbsp;<BR>
Phone: (604)&nbsp;661-2600
</FONT>

<P align="center"><FONT size="2"></FONT>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="50%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="45%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="bottom"><FONT size="6"><B><I>NEWS RELEASE</I></B></FONT></TD>
        <TD><FONT size="3">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="3">
<IMG src="o09946o09946z0001.gif" alt="(METHANEX LOGO)"></FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="3">&nbsp;</FONT></TD>
        <TD><FONT size="3">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="3">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="3">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">
Methanex Corporation<BR>
1800 &#150; 200 Burrard St.<BR>
Vancouver, BC Canada V6C 3M1<BR>
Toll-Free: 1-800-661-8851</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P><FONT size="2"><B><I>For immediate release</I></B>
</FONT>
<P align="left"><FONT size="2"><B>METHANEX SEEKS SHAREHOLDER APPROVAL TO PARTICIPATE IN EXIT OF NOVA CHEMICALS</B>
</FONT>

<P align="left"><FONT size="2"><B>May&nbsp;21, 2003</B>
</FONT>

<P><FONT size="2">Methanex Corporation announced today that it has agreed to purchase 9.0&nbsp;million
of its common shares from NOVA Chemicals Corporation (NOVA). Currently, NOVA is
Methanex&#146;s largest shareholder, holding 46.9&nbsp;million shares, or 37% of the
outstanding shares.
</FONT>
<P><FONT size="2">The purchase price for the shares will be US$9.85 per share, which is the same
price as NOVA will be receiving from the underwriters of the secondary offering
separately announced by Methanex today. The repurchase will be subject to
approval by a majority of Methanex&#146;s shareholders other than NOVA and its
affiliates and would close following a special meeting of shareholders to be
held on June&nbsp;30, 2003. The shares acquired from NOVA would be cancelled.
Methanex would finance the repurchase with cash on hand.
</FONT>
<P><FONT size="2">After completion of the offering and assuming shareholders approve the
repurchase, NOVA will have no remaining equity interest in Methanex.
</FONT>
<P><FONT size="2">Pierre Choquette, President and CEO of Methanex commented, &#147;We believe that
the market price of our common shares has been adversely affected by the market
perception that NOVA would sell all or a portion of its common shares. If this
offering and our purchase from NOVA are successfully completed, we expect this
overhang will be eliminated.&#148; Mr.&nbsp;Choquette added, &#147;Following the successful
completion of this offering and our purchase from NOVA, it is also expected
that our shareholders will be able to enjoy improved liquidity for our common
shares due to a substantial increase in the public float.&#148;
</FONT>
<P><FONT size="2">An independent committee of Methanex&#146;s board of directors has recommended the
repurchase. Raymond James Ltd., who advised the independent committee, has
provided an opinion that the repurchase is fair from a financial point of view.
The board of directors will recommend that all shareholders vote in favor of
the transaction.
</FONT>
<P><FONT size="2">Upon the closing of the secondary offering, it is expected that Mr.&nbsp;Jeffrey
Lipton, the President and Chief Executive Officer of NOVA and the Chairman of
our board of directors, and Mr.&nbsp;A. Terence Poole and Mr.&nbsp;Christopher Pappas,
both senior executive officers of NOVA, will resign as directors of Methanex.
It is expected that Mr.&nbsp;Pierre Choquette, our President and Chief Executive
Officer, will be appointed interim Chairman of the board and Mr.&nbsp;David Morton
will be designated as &#147;lead&#148; outside director. Mr.&nbsp;Morton is the Chairman of
the Corporate Governance Committee of our board. The board will conduct a
process to fill the vacant board seats and to select a new chairperson.
</FONT>
<P><FONT size="2">Methanex is the world&#146;s largest producer and marketer of methanol. Methanex
shares are listed for trading on the Toronto Stock Exchange in Canada under the
trading symbol &#147;MX&#148; and on the Nasdaq National Market in the United States
under the trading symbol &#147;MEOH.&#148;
</FONT>
<P align="center"><FONT size="2">- end -
</FONT>

<P><FONT size="2"><B>Inquiries:</B>
</FONT>
<P><FONT size="2">Chris Cook<BR>
Director, Investor Relations<BR>&nbsp;<BR>
Phone: (604)&nbsp;661-2600
</FONT>

<P align="center"><FONT size="2"></FONT>


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end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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