On June 28, 2006, Algoma Steel announced its intent to offer to repurchase for cancellation up to $200 million of its common shares through a Dutch auction-type substantial issuer bid.  On August 2, 2006, the Board of Directors authorized an offer range of $36.50 to $39.50 per share.  A circular containing the full details of the offer and procedures for tendering common shares has been issued to shareholders.  Copies of the bid documentation can be viewed at the following links:

Substantial Issuer Bid Circular
Letter Of Transmittal
Notice of Guaranteed Delivery

News Release - Final Results Of Substantial Issuer Bid - Sept. 21/06
News Release - Preliminary Results Of Substantial Issuer Bid - Sept. 15/06