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.
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