Timminco and Becancour Silicon announces the results of the auction held in respect of the sale of its business and assets

Timminco Limited and its wholly-owned subsidiary Bécancour Silicon Inc. announced the results of the Auction held in respect of the sale of its business and assets, in connection with the proceedings commenced by the Company under the Companies' Creditors Arrangement Act on January 3, 2012 in the Ontario Superior Court of Justice. The Successful Bid and the Back-Up Bid were selected, in consultation with the Monitor, following completion of the Auction held in accordance with the Bidding Procedures. Court approval of the Successful Bid and the Back-Up Bid is required before any of such bids are deemed to be accepted by the Company. Fasken Martineau represented Investissement Québec with a team led by Claude Girard and assisted by Charles Mercier and Aubrey Kauffman (Insolvency & Restructuring).