Timminco finds possible buyer, short-term funds
Insolvent Timminco and its Becancour Silicon subsidiary have received a commitment for US$4.25 million to fund the insolvent specialty metal producers’ operations while they restructure under court protection from creditors.
UPDATE: Timminco owes Quebec’s investment arm $26M+
The Quebec government’s investment agency is owed more than $26 million by Timminco Ltd., a specialty metals producer that filed for court protection this week.
Timminco files for bankruptcy restructuring
Silicon metal producer Timminco is filing for bankruptcy protection from creditors while it restructures under the federal CCRA.