Opérations et transactions|26 février 2004
Algoma Steel completes C$85.5 million bought deal Rule 144A offering
Torys acted as counsel to Algoma Steel with a team in Toronto that included Kevin Morris, Amanda Roelofsen and Andrea Unikowsky (corporate), Len Griffiths and Sarah Gilbert (environmental) and David Vincent and Mitch Frazer (pension). Darren Baccus provided U.S. advice.
On February 26, 2004, Algoma Steel Inc. issued 10 million shares for gross proceeds of C$85.5 million by way of a bought deal in Canada and on a Rule 144A basis in the United States. The underwriting syndicate was led by GMP Securities, National Bank Financial, BMO Nesbitt Burns and Haywood Securities.