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)
Message: Tentative Agreement Reached-Algoma
https://saultonline.com/2018/05/tentative-agreement-reached/#
Tentative Agreement Reached
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Mike Da Prat checks his messages following an information meeting with union members
Local Union 2251 has reached a tentative agreement with the group of secured creditors that are a party to a restructuring support agreement dated August 15, 2017 that represent a supermajority of term lenders and 9.5% noteholders of Essar Steel Algoma Inc. on May 10, 2018.
There are a number of tasks to be completed prior to holding information meetings with the membership.
A comprehensive Memorandum of Agreement must be developed, the Memorandum of Agreement must be signed off by all parties and subsequently sent to print.
The Local Union will announce in the coming days the location and times of the information meetings.
The ratification vote will be held subsequent to the information meetings.
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