Timminco Limited

Timminco Limited

November 20, 2009 17:09 ET

Timminco Completes $5.3 Million Private Placement Equity Financing

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2009) - Timminco Limited ("Timminco")(TSX:TIM) announced today that, further to its news release on November 18, 2009, Timminco has completed its private placement equity offering to AMG Advanced Metallurgical Group N.V. ("AMG") of approximately 3.8 million common shares at a price of $1.38 per share for proceeds of approximately $5.3 million. As a result, AMG now owns approximately 67.8 million common shares of Timminco, representing 46.0% of Timminco's total issued and outstanding share capital.

About Timminco

Timminco produces silicon metal for the chemical (silicones), aluminum and electronic / solar industries. Timminco also produces solar grade silicon, using its proprietary technology for purifying silicon metal, for the solar photovoltaic energy industry.

Sedar File Profile #00000838

Contact Information