01:12 PM EST - Western Canadian Coal Corp. : is selling between US$30 million and US$40 million worth of convertible debentures to an investor group led by the Audley European Opportunities Fund. If the debentures and a related warrant issue are fully converted, Audley will own 25.5 percent of Western Canadian Coal. The company currently has 116 million shares outstanding and is 64 percent owned by institutional shareholders. Western Canadian Coal Corp.
shares T.WTN are trading down 5 cents at $0.65.
