Algoma Steel Inc. Completed its Previously Announced Sale of 6 Million Common Shares.SAULT STE. MARIE Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. , Ontario--(BUSINESS WIRE)--Feb. 18, 1997-- Algoma Steel Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ALG., NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on ALGSF.) Algoma Steel Inc. reported Tuesday that it has completed its previously announced sale of 6 million common shares to a syndicate of underwriters. The net proceeds of approximately $50 million will be used to support funding of Algoma's capital expenditure program and for general corporate purposes. Algoma Steel Inc., based in Sault Ste. Marie, Ontario For the city of Sault Ste. Marie in Michigan, or the Canadian federal and provincial electoral districts of the same name, see: Sault Ste. Marie. Sault Ste. Marie (nicknamed "the Sault" or "the Soo") is a city on the St. Marys River in Ontario, Canada. , is Canada's third largest integrated steel producer. CONTACT: Algoma Steel Inc. Glen Manchester, 705/945-2400 705/945-2412 (FAX) |
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