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Results of AGM and Special meeting
Forbes & Manhattan Coal Corp.
(Registration number: 002116278)
(External company registration number: 2011/011661/10)
Share code on the Toronto Stock Exchange: FMC
Share code on the JSE Limited: FMC
ISIN: CA3451171050
(“Forbes Coal” or “the Company”)
FORBES COAL ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL
MEETING OF SHAREHOLDERS
TORONTO, ONTARIO – September 12, 2013: 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.
% Votes For % Votes
Withheld
Stan Bharti 98.40% 1.60%
John Dreyer 98.46% 1.54%
Michael Price 98.46% 1.54%
Stephan Theron 98.47% 1.53%
Thomas Roussel 98.46% 1.54%
Craig Wiggill 98.46% 1.54%
Bernard Wilson 98.46% 1.54%
Shareholders approved the appointment of McGovern, Hurley,
Cunningham LLP as auditors of Forbes Coal until the next annual
meeting of shareholders and also approved the re-approval of the
company’s stock option plan and the amendment to the Forbes Coal
by-laws to require advance notice in circumstances where
nominations of persons for election to the board of directors
are made by shareholders. Shareholders also approved the
resolution authorizing the issuance of common shares in the
capital of the company to Resource Capital Fund V L.P. upon
conversion of the principal amount of a proposed convertible
loan from RCF to Forbes Coal along with accrued interest and the
related establishment fee.
About Forbes Coal
Forbes Coal is a coal producer in southern Africa. It holds a
majority interest in two operating mines through its 100%
interest in Forbes Coal (Pty) Ltd., a South African company
("Forbes Coal Dundee") which has a 70% interest in Zinoju Coal
(Pty) Ltd. ("Zinoju"). Zinoju holds a 100% interest in the
Magdalena bituminous mine and the Aviemore anthracite mine in
South Africa (collectively, “the Forbes Coal Dundee
Properties”). Forbes Coal has an experienced coal-focused
management team.
Cautionary Notes:
This press release contains “forward-looking information” within
the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
statements with respect to the results of the annual general and
special meeting of shareholders. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or state
that certain actions, events or results “may”, “could”, “would”,
“might” or “will be taken”, “occur” or “be achieved”. Forward-
looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of
Forbes Coal to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic, competitive, foreign
operations, political and social uncertainties; a history of
operating losses; delay or failure to receive board or
regulatory approvals; timing and availability of external
financing on acceptable terms; not realizing on the potential
benefits of the proposed transaction; conclusions of economic
evaluations; changes in project parameters as plans continue to
be refined; future prices of mineral products; failure of plant,
equipment or processes to operate as anticipated; accidents,
labour disputes and other risks of the mining industry; and,
delays in obtaining governmental approvals or required financing
or in the completion of activities. Although Forbes Coal has
attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-
looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There
can be no assurance that such information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forwardlooking information. The Company does not undertake to
update any forward-looking information, except in accordance
with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT:
Stephan
Theron
President and Chief Executive Officer
+1 (416) 861-
5912
Email: stheron@forbescoal.com
Colinda Parent
VP Corporate Development
+1 (416) 861-5811
Email: cparent@forbesmanhattan.com
12 September 2013
Johannesburg
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
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