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Article: Canada : AMG subsidiary Timminco confirms C$25 million debt financing from Investissement Quebec.

Article from:
TendersInfo
Article date:
July 13, 2009
Copyright

Byline: pinto03

AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") 52.2% owned subsidiary, Timminco Limited ("Timminco" or the "Company") (TSX: TIM) announced that, further to its announcement on July 7, Timminco's wholly-owned subsidiary Becancour Silicon Inc. has signed a definitive loan agreement with Investissement Quebec providing for a two-year term loan of C$25.0 million. This loan, which is being provided under the Renfort program, is expected to be disbursed in full within the next few days upon completion of the transaction. The funds will be used for general working capital purposes.

The loan will be interest-bearing ...

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