Skip to content

New Algoma Steel shares listed on TSE

20 million new Algoma Steel Inc. shares will be posted for trading Thursday on the Toronto Stock Exchange. The shares will trade under the symbol AGA.

20 million new Algoma Steel Inc. shares will be posted for trading Thursday on the Toronto Stock Exchange.

The shares will trade under the symbol AGA.

According to the company's plan of arrangement and reorganization, former holders of the Algoma's first mortgage notes received 15 million new common shares, employees received 4 million new shares and unsecured creditors who did not take cash for their unsecured claims got 1 million shares.

Algoma's old stock has been cancelled and holders of it are not entitled to receive new stock in exchange for their shares.

To receive free, real-time updates of SooToday.com's exclusive coverage of local news, just send an Email with "SUBSCRIBE" in the subject line to [email protected].


What's next?


If you would like to apply to become a Verified reader Verified Commenter, please fill out this form.




David Helwig

About the Author: David Helwig

David Helwig's journalism career spans seven decades beginning in the 1960s. His work has been recognized with national and international awards.
Read more