Algoma Central files final prospectus for $90 million convertible debenture financing

• Algoma Central files final prospectus for a $70 million offering of 6.2% convertible unsecured subordinated debentures.
• A concurrent $20 million private placement with E-L Financial brings the combined issuance to $90 million.
• Full exercise of the $10.5 million over-allotment option would increase total proceeds to $100.5 million.
• Both offerings are expected to close around November 4, 2026, subject to necessary approvals; each closing is contingent on the other.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algoma Central Corporation published the original content used to generate this news brief on November 03, 2026, and is solely responsible for the information contained therein.