Algoma steel group announces osc relief in substantial issuer bid

Sault ste. marie, ontario, july 18, 2022 (globe newswire) -- algoma steel group inc. (nasdaq: astl; tsx: astl) (“algoma” or the “company”) announced today that the ontario securities commission (the “osc”) has granted an exemptive relief order (the “relief order”) exempting algoma from complying with the requirement that algoma first takes up all of its common shares (the “shares”) deposited under its currently underway substantial issuer bid (the “offer”) before extending the expiration date of the offer, if algoma ultimately determines to extend the offer in the circumstance where the offer is undersubscribed.
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