Business
Stelco announces filing of 39th Monitor's Report
Stelco announces filing of 39th Monitor's Report.
About this update from Starr Peak Mining Ltd
[{"type":"text","content":"\n\n\n\n\nHAMILTON, ON, Nov. 16 /CNW/ - Stelco Inc. (TSX:STE) today announced that\nthe Thirty-Ninth Report of the Monitor in the matter of the Company's Court-\nsupervised restructuring has been filed. The full text of the Report can be\naccessed through a link available on Stelco's web site.\nThe Report contains information concerning the meetings of affected\ncreditors of Stelco and a number of its subsidiaries held on November 15,\n2005. This information includes the reports on attendance at those meetings.\nThe Report notes that the meetings were adjourned until November 21, 2005.\nThe Monitor notes that if a plan is accepted by the affected creditors on\nNovember 21, 2005, a motion to sanction the plan will be heard in early\nDecember, 2005. If a plan is not accepted on November 21, 2005, the Court will\nhear motions for alternative processes or proceedings on November 25, 2005.\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%SEDAR: 00001549E\n\n\n","length":1631,"tagName":"div"}]