12:00 PM EST - Algoma Central Corporation : Announced today that the Toronto Stock Exchange has accepted its notice of intention to proceed with the renewal of its normal course issuer bid Pursuant to the notice, during the 12-month period commencing March 19, 2020 and ending March 18, 2021, Algoma may purchase up to 1,890,457 of its Shares, representing approximately 5% of the 37,809,143 Shares that were issued and outstanding as of March 4, 2020. Under the NCIB, other than purchases made pursuant to block purchase exemptions, Algoma may purchase up to 1,726 Shares on the TSX during any trading day, which represents approximately 25% of the average daily trading volume of the Shares on the TSX for the past six calendar months, being 6,906 Shares. Any Shares purchased under the NCIB will be cancelled. Algoma Central Corporation
shares T.ALC are trading up $0.12 at $9.11.
