Slater Steel Completes Common Shares Offering

Slater Steel Inc., a mini mill producer of specialty steel products, completed a public offering of $57.8 million of common shares in Canada on March 25, 2002. Pursuant to a short-form prospectus, the company issued 3.5 million common shares at $16.50 per share through a syndicate of underwriters led by TD Securities Inc. and including BMO Nesbitt Burns Inc., Scotia Capital Inc., CIBC World Markets Inc. and Sprott Securities Inc.

Slater Steel was represented in-house by Paul Davis, senior vice-president, administration, and general counsel; and by Lang Michener with a team that included Howard Drabinsky, Hellen Siwanowicz and John Conway. The underwriters were represented by Fasken Martineau DuMoulin LLP, with a team that included Gar Emerson, Joel Binder, David Coultice and Sean Morley (securities).