Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
COMPANHIA SIDERÚRGICA NACIONAL
Rua São José nº 20, Grupo 1602
Rio de Janeiro/RJ
Corporate Taxpayers’ ID (CNPJ) 33.042.730/0001 -04
NOTICE TO THE MARKET
Companhia Siderúrgica Nacional (“CSN” or “Company”), in compliance with the provisions in Article 157 of Law 6,404/76, as well as with CVM Instruction 358/02, hereby informs its shareholders and the public that the Company’s Board of Directors approved the acquisition by the Company or by any of its direct or indirect subsidiaries of a minority interest in the capital stock of Riversdale Mining Limited (“Riversdale”), a mining company with shares listed on the Australian Stock Exchange. Said acquisition will include (i) 28,750,598 shares, representative of 14.99% of the capital stock of Riversdale and (ii) provided that governmental approval is obtained in connection with the foreign investment, according to applicable Australian legislation, 2,482,729 additional shares, representative of 1.3% of the capital stock of Riversdale, for the aggregate equity interest of 16.3% of the capital stock of Riversdale. The price per share shall be of six Australian dollars and ten cents (A$6.10), plus applicable costs.
Rio de Janeiro, November 24, 2009.
Companhia Siderúrgica Nacional
Paulo Penido Pinto Marques
Chief Investor Relations Officer
COMPANHIA SIDERÚRGICA NACIONAL |
||
By: |
/S/ Benjamin Steinbruch
|
|
Benjamin Steinbruch
Chief Executive Officer |
||
By: |
/S/ Paulo Penido Pinto Marques
|
|
Paulo Penido Pinto Marques
Chief Financial Officer and Investor Relations Officer |
||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.