Regulators have approved of
Cambior completed the deal earlier this year but had to file a short form prospectus to list the resulting shares and 10.7 million warrants for trading. The warrants mature in 12 months and can be exchanged for shares at $1.70 apiece.
The proceeds have been set aside for working capital purposes. At the year’s start, Cambior had $3.7 million more in current assets than in short-term liabilities.
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