Stocks in Play

Tembec

03:50 PM EST - Tembec : announced today that it has entered into a $30-million loan facility with Integrated Private Debt Corp. (IPD). IPD is the private debt division of Integrated Asset Management Corp. of Toronto. The funds will be utilized to fund a portion of the previously announced $190 million capital project to upgrade the Company's specialty cellulose manufacturing facility in Temiscaming, Quebec. When combined with the $75 million of project financing previously announced on March 16, 2012, the Company has now attained its objective of raising $105 million of project financing. Tembec
shares T.TMB are trading up $0.13 at $2.29.