Pacific Coal Resources announced today that it has commenced an offer to exchange its U.S.$6,530,000 12% Notes due July 30, 2015 (ISIN: XS1083183258 / Common Code: 108318325) for newly issued U.S. $6,000,000 notes due 2017 at a coupon rate of 15%. Hernan Martinez, Executive Chairman, commented: "With this exchange offer, Pacific Coal expects to extend the maturity of its debt, thereby improving its financial
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