On April 30, 2007, Timminco Limited completed its public offering of 10,000,00 common shares at a price of $2.60 per common share for gross proceeds of $26,000,000. The offering was sold on a bought deal basis and was co-led by Clarus Securities Inc. and Paradigm Capital Inc. as underwriters. The underwriters exercised their over-allotment option in full and purchased an additional 1,500,000 common shares at a price of $2.60 per common share for gross proceeds of $3,900,000. The total gross proceeds of the offering was $29,900,000. Timminco was advised in this transaction by John Turner, Janne Duncan and Stacey Stoneham of Fasken Martineau.