Pharma Investments, Ventures & Law Weekly
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Western Canadian Coal Corp.
Western Canadian Coal Agrees to Provide Loan Facility to Cambrian Mining
January 18th, 2009
Western Canadian Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) (the "Company" or "Western") announces that it has entered into an agreement dated December 31, 2008, pursuant to which Western will make available a loan facility on a secured basis (the "Loan") of up to US$36 million to Cambrian Investment Holdings Limited ("CIH"), a wholly-owned subsidiary of Cambrian Mining Plc (AIM: CBM) ("Cambrian"), the Company's major shareholder. The Loan will be used to repay CIH's existing indebtedness under a financing facility with Investec Bank (UK) Limited. The Loan will be available to Cambrian immediately subject to and upon satisfaction or waiver of the conditions...
Source: Pharma Investments, Ventures & Law Weekly (2009-01-18)
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