TORONTO, ONTARIO — (Marketwired) — 10/18/13 — Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or "the Company") has reached agreement on wages for this year with the Association of Mineworkers and Construction Union (AMCU) for employees in categories 4 to 8. Wages for employees in these categories will increase by 9% for the period from August 1, 2013 to July 31, 2014.Stephan Theron, President and CEO of Forbes Coal commented, "We thank everyon
TORONTO, ONTARIO — (Marketwired) — 09/12/13 — Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) announces that shareholders voted in favour of all items of business brought before them at the company-s Annual General and Special Meeting of Shareholders ("AGM") held in Toronto, Ontario, on September 11, 2013.The nominees listed in the Forbes Coal management proxy circular for the 2013 AGM were re-elected as directors of Forbes Coal. Detailed results are set out below.Sharehold
Domestic Sales Increase 14% for the Second Quarter of Fiscal 2014
TORONTO, ONTARIO — (Marketwired) — 09/04/13 — Forbes & Manhattan Coal Corp. (TSX: FMC) (JSE: FMC) has closed the secured US$6 million convertible loan facility from Resource Capital Fund V L.P ("RCF") (the "Transaction"). The loan facility is to be used for general working capital in relation to Forbes Coal-s operations and exploration properties in Dundee, South Africa. Subject to receipt of shareholder approval, the loan facility is convertible into common shares o
TORONTO, ONTARIO — (Marketwired) — 08/09/13 — Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) announces that it has entered into a term sheet for a secured US$6 million convertible loan facility from Resource Capital Fund V L.P ("RCF") with a maturity date of June 30, 2016 (the "Transaction"). The loan facility is to be used for general working capital in relation to Forbes Coal-s operations and exploration properties in Dundee, South Africa as well as to actively
TORONTO, ONTARIO — (Marketwired) — 07/15/13 — Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or "the Company") reports its financial results for the first quarter of FY2014 (the 3 month period ended May 31, 2013). Revenue was $20.51 million, gross profit was $0.34 million and consolidated EBITDA was $2.01 million as summarized in the table below.First Quarter FY2014 Financial ResultsStephan Theron, President and Chief Executive Officer of Forbes Co
SALES INCREASE 55% FOR THE FIRST QUARTER OF FISCAL 2014
Provides Outlook for Fiscal 2014
TORONTO, ONTARIO — (Marketwired) — 05/21/13 — Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) announced today that Ryan Bennett, a senior partner of Resource Capital Funds, FMC-s largest shareholder, has stepped down from the Forbes & Manhattan Coal board of directors and will be replaced by his colleague Thomas Quinn Roussel.Stephan Theron, President and CEO of Forbes Coal commented, "On behalf of Forbes Coal and all its shareholders, the board wishes to thank Mr. Bennett f
TORONTO, ONTARIO — (Marketwired) — 05/15/13 — Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) reports that it has filed a new technical report (the "Technical Report") in respect of the Company-s coal operations in the KwaZulu-Natal Province, South Africa. The Technical Report was prepared in compliance with National Instrument 43-101 – Standards for Disclosure for Mineral Projects.The Technical Report, entitled "An Independent Qualified Persons- Report on Forbes Coal
