Algoma steel group announces approval of normal course issuer bid

Sault ste. marie, ontario, march 01, 2022 (globe newswire) -- algoma steel group inc. (nasdaq: astl; tsx: astl) (“algoma” or “the company”) announced today that the toronto stock exchange (the “tsx”) has approved the company's intention to make a normal course issuer bid (“ncib”) for a portion of its common shares (“shares”) as appropriate opportunities arise from time to time. the company believes that the market price of the shares may not, from time to time, fully reflect their value and accordingly the purchase of shares would be in the best interests of the company and an attractive use of available funds.
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