Terrace Bay Pulp receives another extension
Nov 2, 2009 | In Financial News | 10 feedbacks »
Terrace Bay Pulp has received another extension to its court protection from creditors under the Companies Creditors Arrangement Act.
This extension will expire on November 20th. The mill in Terrace Bay, Ontario has been idled since February.
Terrace Bay Pulp, owed by Buchanan Forest Products, has said they are in negotiations with a possible lender as part of their efforts to restart the mill.
Source:
Terrace Bay Pulp gets extension (TbNewsWatch)
10 comments
Pretty sad considering so many people were led to believe the mill would be running again in the fall....and they're still waiting.
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