Orbite eligible for new financing

By Davide Ghilotti
Published: Monday, 07 August 2017

The HPA producer received the first tranche of an additional funding package, which it will use towards the restructuring process.

Canadian high-purity alumina (HPA) producer Orbite Technologies Inc. has completed the process of debt in possession (DIP) financing it announced in late July.

The company submitted a proposal to the Superior Court of Québec (CCAA Court) to be granted C$6.8m in additional funding, with...

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