Ipsco issuing shares to help finance U.S. mill

Article Abstract:

Ipsco Inc., a steel producer based in Regina, Canada, will issue five million common shares on the equity markets in Canada and the US. The company plans to sell the common shares for C$44.80 per share, five cents above the share's closing value of C$44.75 on Jun. 4, 1998, on the Toronto Stock Exchange. After deduction of C$10.5 million for underwriting charges and other expenditure, net proceeds at the C$44.80-per-share is calculated at C$213.5 million. The proceeds from the planned issuance of common shares would be used to finance planned building of a mini-mill in the southern part of the US and to finance Ipsco's possible purchases or joint-venture opportunities.

Comment:

Will issue five million common shares on the equity markets in Canada and the US

Securities issued, listed, Ipsco Inc., Article

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Co-Steel breaches loan deal, reports red ink

Article Abstract:

Co-Steel Inc. has breached its loan deals with its lenders as the company posted a 53.1 million Canandian dollar loss for the 2001 first-quarter. The company breached its interest loan deals, thereby causing the reclassification of its 270 million Canadian dollar debt.

Financial management, Management, Finance, Debt, Co-Steel International Ltd.

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Big Steel launches campaign

Article Abstract:

Toronto, Ont.-based Stelco Inc. and Hamilton, Ont.-based Dofasco Inc. have joined a marketing agreement to increase steel markets by 25% in the U.S. and Canada. The 5-year, $115 million campaign has been approved by the American Iron and Steel Institute.

Marketing procedures, Geographic, Marketing, Dofasco Inc., Stelco Inc., American Iron and Steel Institute

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