On October 6, 2009, the Compensation Committee of our Board of Directors authorized a cash bonus of $50,000 to be paid to Walter P. Hanley, our Senior Vice President of Development, in consideration of his efforts in connection with our transactions with Schnitzer Steel Industries, Inc. that closed on October 1, 2009.

On October 2, 2009, we issued a press release announcing certain transactions with Schnitzer Steel Industries, Inc. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

(d) Exhibits

                  Exhibit
                  Number          Description of Exhibit

                   99.1     Press Release dated October 2, 2009