On November 30, 2007, Added Capital Corp. completed its qualifying transaction with Lakeside Steel Corporation whereby Added Capital acquired all of the 61,809,524 issued and outstanding common shares of Lakeside on a one for one basis. The transaction was completed by way of a "three cornered" amalgamation among Added Capital, Lakeside and a wholly-owned subsidiary of Added Capital. In connection with the qualifying transaction, Lakeside completed a private placement of units for gross proceeds of $10 million. Each Unit is comprised of one common share in the capital of Lakeside and one-half of one common share purchase warrant. The Units were sold on a private placement basis by a syndicate of agents led by Northern Securities Inc. Lakeside was advised in this transaction by Fasken Martineau with a team that included Sean Stevens and Karoline Kralka (corporate/securities), assisted by student at law Amanda Fullerton and paralegal Magdalena Chmurzewski.