Algoma steel announces filing of base shelf prospectus

Sault ste. marie, ontario, june 21, 2023 (globe newswire) -- algoma steel group inc. (nasdaq: astl; tsx: astl) (“algoma” or “the company”), a leading canadian producer of hot and cold rolled steel sheet and plate products, announced today that it has filed a base shelf prospectus dated june 21, 2023 (the “base shelf prospectus”) with the ontario securities commission, relying on the “well-known seasoned issuer” exemption, and a corresponding shelf registration statement on form f-10 (the “registration statement”) with the united states securities and exchange commission (the “sec”). these filings will allow the company, if it chooses, to make offerings of common shares, preferred shares, debt securities, subscription receipts, units and warrants (collectively, the “securities”) of the company, or any combination thereof, in all of the provinces and territories of canada (other than quebec) and in the united states for a period of 25 months.
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