Algoma Central Corporation announces an Equity Buyback for 1,927,615 shares, representing 5% of its issued share capital.

Algoma Central Corporation (TSX:ALC) announces a share repurchase program. Under the bid, the company will repurchase up to 1,927,615 shares, representing 5% of its issued and outstanding share capital. The shares repurchased will be cancelled. The bid will expire on January 28, 2019. As of January 16, 2018, the company had 38,552,315 shares issued and outstanding.