Latest Forbes & Manhattan C (FBMCF) Headlines
Forbes Coal Provides Corporate Update
Marketwire - Wed Feb 05, 8:14AM CST
Forbes & Manhattan Coal Corp. ("Forbes Coal" or the "Company") (TSX: FMC)(JSE: FMC) is pleased to announce the appointment of Mr. Bob Francis to the board of directors of Forbes Coal. The appointment of Mr. Francis follows the resignation of Messrs. Stan Bharti and Stephan Theron who have stepped down as directors of Forbes Coal. Messrs. Bharti and Theron helped found Forbes Coal and have been instrumental in the Company's achievements over the years.
Forbes Coal Closes First Tranche of US$25 Million Loan Facility
Marketwire - Wed Feb 05, 8:13AM CST
Forbes & Manhattan Coal Corp. ("Forbes Coal" or the "Company") (TSX: FMC)(JSE: FMC) has closed on the first tranche of the previously announced secured convertible loan facility from Resource Capital Fund V L.P ("RCF") in the aggregate principal amount of up to US$25 million (the "Facility"). The first tranche consists of a bridge loan (the "Bridge Loan") in the amount of US$4 million. The remainder of the Facility consists of a convertible loan in the principal amount of up to US$15 million (the "Convertible Loan"), and a refinancing of the existing US$6 million convertible loan facility completed between the Company and RCF on September 6, 2013 (the "Refinancing"). The Bridge Loan is to be used for general working capital in relation to Forbes Coal's operations in Dundee, South Africa as well as to facilitate the closing of the Company's Toronto office.
Forbes Coal Extends Its Opencast Operations
Marketwire - Mon Jan 20, 4:01PM CST
Forbes & Manhattan Coal Corp. (TSX: FMC) (JSE: FMC) ("Forbes Coal" or the "Company") has entered into an agreement with Ikwezi Mining Proprietary Limited ("Ikwezi") for the acquisition of a portion of the Ikwezi mining right over the property known as Alleen No. 2, located north of Dundee in the Kwa-Zulu Natal province in South Africa, adjacent to Forbes Coal's current Magdalena opencast operations ("Alleen No. 2").
Forbes Coal Reports Progress on Loan Facility
Marketwire - Wed Jan 15, 4:53PM CST
Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") is pleased to provide additional information on the proposed up to US$25 million financing (the "Financing") to be provided by Resource Capital Fund V L.P. (the "Lender" or "RCF") comprising: (i) a bridge loan (the "Bridge Loan") in the principal amount of US$4 million, (ii) a convertible loan (the "Convertible Loan") in the principal amount of up to US$15 million; and (iii) a refinancing (the "Refinancing") of the existing US$6 million convertible loan facility that was completed by the Company with RCF on September 6, 2013 (the "Existing RCF Loan"), as previously announced on December 31, 2013.
Forbes Coal Secures an Offer of Up to US$19.0 Million Loan Facility
Marketwire - Tue Dec 31, 7:01AM CST
Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or "the Company") has secured the offer of a significant funding package by Resource Capital Fund V L.P ("RCF") into the Company, comprising up to a total of up to US$19.0 million (the "Transaction").
Forbes Coal Reports Wage Negotiations With Employees Have Been Completed
Marketwire - Fri Oct 18, 6:00AM CDT
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.
Forbes Coal Announces Results of Annual General and Special Meeting of Shareholders
Marketwire - Thu Sep 12, 6:00AM CDT
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.
Forbes Coal Reports Record Saleable Production for the Second Quarter of Fiscal 2014
Marketwire - Wed Sep 11, 6:01AM CDT
Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) reports record second quarter production at its Magdalena bituminous mine (June 1, 2013 to August 31, 2013). Total run of mine production (ROM) for the second quarter of fiscal 2014 was 446,000 tonnes on par with the 447,000 tonnes produced in the first quarter of fiscal 2014, and an 8% increase over the second quarter of fiscal 2013, with the Magdalena mine achieving record production levels in each of July and August 2013.
Resource Capital Fund V L.P. Announces $6 Million Convertible Loan Facility with Forbes & Manhattan Coal Corp.
CNW Group - Wed Sep 04, 1:51PM CDT
Resource Capital Fund V L.P. ("RCF V") reports that on September 4, 2013, RCF and Forbes & Manhattan Coal Corp. ("Forbes Coal") entered into a loan agreement (the "Loan Agreement") for a secured US$6,000,000 convertible loan facility with a maturity date of June 30, 2016 (the "Loan").
Forbes Coal Closes US$6 Million Loan Facility
Marketwire - Wed Sep 04, 11:37AM CDT
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 of Forbes Coal at a price of C$0.36 per common share.
Forbes Coal Secures US$6 Million Loan Facility and Announces Concurrent $2 Million Private Placement
Marketwire - Fri Aug 09, 1:04PM CDT
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 pursue the acquisition of additional South African coal properties.
Forbes Coal Provides Corporate Update
Marketwire - Wed Feb 05, 8:14AM CST
Forbes & Manhattan Coal Corp. ("Forbes Coal" or the "Company") (TSX: FMC)(JSE: FMC) is pleased to announce the appointment of Mr. Bob Francis to the board of directors of Forbes Coal. The appointment of Mr. Francis follows the resignation of Messrs. Stan Bharti and Stephan Theron who have stepped down as directors of Forbes Coal. Messrs. Bharti and Theron helped found Forbes Coal and have been instrumental in the Company's achievements over the years.
Forbes Coal Closes First Tranche of US$25 Million Loan Facility
Marketwire - Wed Feb 05, 8:13AM CST
Forbes & Manhattan Coal Corp. ("Forbes Coal" or the "Company") (TSX: FMC)(JSE: FMC) has closed on the first tranche of the previously announced secured convertible loan facility from Resource Capital Fund V L.P ("RCF") in the aggregate principal amount of up to US$25 million (the "Facility"). The first tranche consists of a bridge loan (the "Bridge Loan") in the amount of US$4 million. The remainder of the Facility consists of a convertible loan in the principal amount of up to US$15 million (the "Convertible Loan"), and a refinancing of the existing US$6 million convertible loan facility completed between the Company and RCF on September 6, 2013 (the "Refinancing"). The Bridge Loan is to be used for general working capital in relation to Forbes Coal's operations in Dundee, South Africa as well as to facilitate the closing of the Company's Toronto office.
Forbes Coal Extends Its Opencast Operations
Marketwire - Mon Jan 20, 4:01PM CST
Forbes & Manhattan Coal Corp. (TSX: FMC) (JSE: FMC) ("Forbes Coal" or the "Company") has entered into an agreement with Ikwezi Mining Proprietary Limited ("Ikwezi") for the acquisition of a portion of the Ikwezi mining right over the property known as Alleen No. 2, located north of Dundee in the Kwa-Zulu Natal province in South Africa, adjacent to Forbes Coal's current Magdalena opencast operations ("Alleen No. 2").
Forbes Coal Reports Progress on Loan Facility
Marketwire - Wed Jan 15, 4:53PM CST
Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or the "Company") is pleased to provide additional information on the proposed up to US$25 million financing (the "Financing") to be provided by Resource Capital Fund V L.P. (the "Lender" or "RCF") comprising: (i) a bridge loan (the "Bridge Loan") in the principal amount of US$4 million, (ii) a convertible loan (the "Convertible Loan") in the principal amount of up to US$15 million; and (iii) a refinancing (the "Refinancing") of the existing US$6 million convertible loan facility that was completed by the Company with RCF on September 6, 2013 (the "Existing RCF Loan"), as previously announced on December 31, 2013.
Forbes Coal Secures an Offer of Up to US$19.0 Million Loan Facility
Marketwire - Tue Dec 31, 7:01AM CST
Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) ("Forbes Coal" or "the Company") has secured the offer of a significant funding package by Resource Capital Fund V L.P ("RCF") into the Company, comprising up to a total of up to US$19.0 million (the "Transaction").
Forbes Coal Reports Wage Negotiations With Employees Have Been Completed
Marketwire - Fri Oct 18, 6:00AM CDT
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.
Forbes Coal Announces Results of Annual General and Special Meeting of Shareholders
Marketwire - Thu Sep 12, 6:00AM CDT
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.
Forbes Coal Reports Record Saleable Production for the Second Quarter of Fiscal 2014
Marketwire - Wed Sep 11, 6:01AM CDT
Forbes & Manhattan Coal Corp. (TSX: FMC)(JSE: FMC) reports record second quarter production at its Magdalena bituminous mine (June 1, 2013 to August 31, 2013). Total run of mine production (ROM) for the second quarter of fiscal 2014 was 446,000 tonnes on par with the 447,000 tonnes produced in the first quarter of fiscal 2014, and an 8% increase over the second quarter of fiscal 2013, with the Magdalena mine achieving record production levels in each of July and August 2013.
Resource Capital Fund V L.P. Announces $6 Million Convertible Loan Facility with Forbes & Manhattan Coal Corp.
CNW Group - Wed Sep 04, 1:51PM CDT
Resource Capital Fund V L.P. ("RCF V") reports that on September 4, 2013, RCF and Forbes & Manhattan Coal Corp. ("Forbes Coal") entered into a loan agreement (the "Loan Agreement") for a secured US$6,000,000 convertible loan facility with a maturity date of June 30, 2016 (the "Loan").
Forbes Coal Closes US$6 Million Loan Facility
Marketwire - Wed Sep 04, 11:37AM CDT
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 of Forbes Coal at a price of C$0.36 per common share.
Forbes Coal Secures US$6 Million Loan Facility and Announces Concurrent $2 Million Private Placement
Marketwire - Fri Aug 09, 1:04PM CDT
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 pursue the acquisition of additional South African coal properties.
