Business
/C O R R E C T I O N from Source -- Stelco Inc./
/C O R R E C T I O N from Source -- Stelco Inc./.
About this update from Starr Peak Mining Ltd
[{"type":"text","content":"\n\n\n\n\nIn c3331 transmitted today at 15:08e today, an error occurred in the \nheadline. The headline should have read \"December 6, 2005\" and not \n\"December 6, 2006\". Corrected copy follows:\n\nStelco obtains extension of stay period until December 6, 2005\n\nHAMILTON, ON, Dec. 5 /CNW/ - Stelco Inc. (TSX:STE) today was granted an\nOrder of the Superior Court of Justice (Ontario) extending the stay period\nunder its Court-supervised restructuring for one day, from today until\nDecember 6, 2005.\nIn making its Order the Court urged the parties to Stelco's restructuring\nto make the best use of the time provided by this brief extension. The Court\nnoted that at tomorrow's hearing it will deal with the issue of a further\nextension as well as the matter of a vote of affected creditors on a\nrestructuring plan.\nCourtney Pratt, Stelco President and Chief Executive Officer, said, \"This\nextension will focus everyone's attention on trying to reach an agreement. We\ncontinue to believe that such an outcome is the best for everyone concerned.\"\n\nAbout Stelco\nStelco Inc. is a large, diversified steel producer. Stelco is involved in\nmajor segments of the steel industry through its integrated steel business,\nmini-mills, and manufactured products businesses. This news release may\ncontain forward-looking information with respect to the Corporation's business\noperations, financial performance and conditions. Actual results may differ\nfrom expected results for a variety of reasons including factors discussed in\nthe Corporation's Management's Discussion and Analysis section of the\nCorporation's 2004 Annual Report. To learn more about Stelco and its\nbusinesses, please refer to our Web site at www.stelco.ca.\n\n\n","length":1777,"tagName":"div"}]