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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Goldentree and Bain pushing to acquire Algoma

posted on Mar 07, 2017 10:57PM

Looks like an informative article from an insider.....need subscription for full article.

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https://www.wsj.com/articles/essar-steel-algoma-creditors-to-move-ahead-with-takeover-following-court-ruling-1488928469

Essar Steel Algoma Creditors to Move Ahead With Takeover Following Court Ruling

Ontario court terminated Essar Global’s right to block a takeover, eliminating key obstacle to deal

Jacquie McNish

March 7, 2017 6:14 p.m. ET

A group of U.S. creditors is pushing ahead with a proposal to acquire the Canadian steelmaking subsidiary of Essar Global, people familiar with the matter said, following a court ruling terminating the Indian conglomerate’s right to block a takeover.

The secured creditors, which include New York-based hedge fund GoldenTree Asset Management LP and Bain Capital, proposed in September to acquire Essar Steel Algoma Inc.