HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Algoma creditors to pump $425-million into troubled steel maker SUBSCRIBERS ONLY

posted on Sep 23, 2016 01:39PM

Sorry this is all I could get with no subscription....names ring a bell Babjak1?

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/algoma-creditors-to-pump-425-million-into-troubled-steel-maker/article32023494/

Algoma creditors to pump $425-million into troubled steel maker

SUBSCRIBERS ONLY

ANDREW WILLIS

The Globe and Mail

PublishedFriday, Sep. 23, 2016 1:23PM EDT

Last updatedFriday, Sep. 23, 2016 1:31PM EDT

Creditors in Essar Steel Algoma Inc. put forward a restructuring plan in court on Friday that would inject $425-million (U.S.) of new capital in the troubled steel maker and push out current owner Essar Global Ltd. of India.

Sault Ste. Marie, Ont.-based Essar Algoma filed for creditor protection in November, 2015. Creditors led by distressed debt fund GoldenTree Asset Management LP and private equity fund Bain Capital put forward a recapitalization plan in court Friday that would reduce Essar Algoma’s debt by approximately $1.15-billion, which would cut interest costs by $125-million annually.

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