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Alloy Steel International (OTC: AYSI) has released its Third Quarter Report for the financial year ending June 30, 2021. The report highlights the performance of Arcoplate, a leading alloy overlay wear plate used in the mining and materials processing industries. Arcoplate's unique alloy mix and manufacturing process provide superior wear protection, reducing equipment downtime and lowering costs. The product's effectiveness in minimizing wear and enhancing equipment life has gained acceptance among major industry players.
Alloy Steel International, Inc. (OTC: AYSI) has entered into a merger agreement with Kostecki Brokerage Pty Ltd, whereby KBPL will acquire the non-controlling shareholders' interest in Alloy Steel for $2.55 per share, totaling approximately $40.6 million in market capitalization. The deal, unanimously approved by the Board, aims to enhance the company's competitive position as a private entity and provide liquidity to minority shareholders. The transaction's completion is subject to regulatory and shareholder approvals.
Alloy Steel International (OTC: AYSI) has expanded its Board of Directors from two to three members by appointing Richard Homsany as a director, effective immediately. Homsany brings extensive experience in corporate law and finance, particularly within the resources sector. He currently serves in leadership roles for several companies, including Toro Energy Limited and Mega Uranium Ltd. His appointment is expected to enhance the company's governance and strategic direction. Homsany will receive standard compensation for non-employee directors and has entered into a director indemnification agreement.
Alloy Steel International (OTC: AYSI) has released its 2021 Q2 Financial Report covering the six months ended March 31, 2021. The report is accessible on the OTC Markets website. Alloy Steel specializes in manufacturing Arcoplate, a leading alloy overlay wear plate known for its durability in the mining and materials processing industries. Arcoplate is valued for its high carbide-rich alloy mix and unique manufacturing process, which significantly reduces equipment downtime and costs for users.
Alloy Steel International (OTC: AYSI) has released its 2021 First Quarter Financial Report, covering the three months ending December 31, 2020. The report details the company's financial performance and provides insights into its operations focused on the production and distribution of Arcoplate, a superior alloy overlay wear plate. Arcoplate is recognized for its durability and effectiveness in reducing equipment downtime and wear in the mining and materials processing sectors, enhancing overall profitability for users.
