TORONTO, ONTARIO -- (Marketwire) -- 09/19/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") As previously announced, the management nominees for the board of directors of Forbes & Manhattan Coal Corp were elected at the annual and general meeting of shareholders (the "Meeting") held yesterday. Despite news releases following the Meeting from certain shareholders, the Board and [...]
TORONTO, ONTARIO -- (Marketwire) -- 09/17/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") is pleased to announce the election of the slate of directors proposed by the management of the Company to serve Forbes Coal until their successors are elected or appointed. The slate of directors elected at today's Annual General Meeting is:
TORONTO, ONTARIO -- (Marketwire) -- 09/17/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") is pleased to report production and sales levels for its Magdalena bituminous and Aviemore anthracite operations for the second quarter of 2013 which runs from June 1st, 2012 to August 31st, 2012.
TORONTO, ONTARIO -- (Marketwire) -- 09/12/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) today urged shareholders to vote their BLUE proxy for the management slate of board nominees before the deadline of 10am (Toronto time) on September 13, 2012.
Since acquiring the Magdalena and Aviemore mines in September 2010, the current management and directors have:
The majority of the current board of directors and management of Forbes & Manhattan Coal would like to raise several concerns over the proposed slate of Forbes Coal board nominees put forward by a group of dissident shareholders. The current board also has serious concerns over the future of Forbes Coal should the company be under the governance of the proposed slate of the Dissident group. Senior management have not [...]
TORONTO, ONTARIO -- (Marketwire) -- 09/06/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") today questioned the disruptive tactics adopted by a group of dissident shareholders seeking to position the board of Forbes Coal in a manner that is advantageous to the dissident shareholders in connection with any future acquisition of Forbes Coal by the dissidents.
TORONTO, ONTARIO -- (Marketwire) -- 07/16/12 -- Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") is pleased to announce its financial results for the first quarter of fiscal 2013 ("Q1 2013") (three month period ending May 31, 2012) All figures are in Canadian dollars unless specified.
Forbes Coal is pleased to report production and sales levels for its Magdalena bituminous and Aviemore anthracite operations for the first quarter of 2013. First quarter highlights include: Total run of mine production of 387,100 tonnes, an increase of 28% sequentially
Forbes & Manhattan Coal is pleased to announce its financial results for fiscal 2012. Revenue for the Slater Coal Stand Alone operations was $104.5 million compared to $46.7 million for the year ended February 28, 2011. Consolidated revenue was $104.5 million compared to $27.7 million for the year ended February 28, 2011. Consolidated gross profit was $17.4 million compared to $4.2 million one year ago. Slater Coal stand [...]
Forbes Coal is pleased to announce it has received Toronto Stock Exchange approval to make a Normal Course Issuer Bid to buy back its common shares through the facilities of the Exchange. The maximum number of common shares that may be purchased for cancellation pursuant to the NCIB is that number of common shares that represents 5% of the issued and outstanding shares of the Company. Based on the 34,865,717 shares issued [...]
Forbes & Manhattan is pleased to announce its intention to make a Normal Course Issuer Bid, subject to Toronto Stock Exchange approval, to buy back its common shares through the facilities of the Exchange. The maximum number of common shares that may be purchased for cancellation pursuant to the NCIB is that number of common shares that represents 5% of the issued and outstanding shares of the Company. Based on the [...]
Forbes Coal is pleased to announce that Mrs. Sarah Williams is joining the Company as Vice President Finance, effective April 1, 2012. Mrs. Williams is a Chartered Accountant (SA) with nine years experience in the corporate finance industry. Her expertise is in the resource sector where she played key roles in company listings and IPOs, mergers and acquisitions, restructurings and debt and equity capital raisings. She has [...]