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Stocks in play: Tree Island Steel Ltd.

Baystreet.ca

Has been advised of the intention of The Futura Corporation and Arbutus Distributors Ltd, entities controlled by certain directors of the Company, to make an unsolicited non-binding proposal by way of a plan of arrangement to acquire all of the common shares of the Company not already owned by the Offerors for consideration consisting of $2.25 per share payable in cash, subject to a number of terms and conditions. A binding proposal has not yet been made to the Company or its shareholders. Tree Island Steel Ltd. shares T.TSL are trading up $0.23 at $2.23.