Timminco Limited

Timminco Limited

December 11, 2009 14:08 ET

Timminco Completes US$5.0 Million Convertible Debt Financing

TORONTO, ONTARIO--(Marketwire - Dec. 11, 2009) - Timminco Limited ("Timminco") (TSX:TIM) announced today that its wholly owned subsidiary, Bécancour Silicon Inc. ("Bécancour"), has completed the convertible debt financing with AMG Advanced Metallurgical Group N.V. ("AMG") announced on November 17, 2009. AMG advanced US$5.0 million to Bécancour in exchange for a convertible senior subordinated promissory note.

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.

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Contact Information

  • Timminco Limited
    Robert Dietrich
    Executive Vice President - Finance and CFO
    (416) 364-5171
    (416) 364-3451 (FAX)
    The Equicom Group Inc.
    Lawrence Chamberlain
    (416) 815-0700 ext. 257
    (416) 815-0080 (FAX)