Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Added Capital completes qualifying transaction with Lakeside Steel

Reading Time 1 minute read Subscribe

Lakeside Steel

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.


    Receive email updates from our team