Western Canadian Coal lends Cambrian $36 million

Jan 02, 2009 | 08:02 AM | Mick Bowen

Western Canadian Coal Corp. said it would lend up to $36 million to Cambrian Investment Holdings Ltd. (CIH), a subsidiary of Cambrian Mining Plc.

The money will be available immediately and will pay back debts to Investec Bank Ltd., Western Canadian Coal said in a statement. CIH will pay a fee of $600,000 and the loan will have an interest rate of 12 percent a year until repayment.....

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