Forbes Coal announces name change
TORONTO, July 9, 2014 /CNW/ - Forbes & Manhattan Coal Corp. (the "Company") (TSX: FMC) (JSE: FMC) is pleased to announce that it has changed its name to "Buffalo Coal Corp." effective July 4, 2014.
The name change was approved by the shareholders of the Company at the annual and special meeting held on June 27, 2014. Further details regarding the name change are contained in the management proxy and information circular dated May 27, 2014, a copy of which is available electronically at www.sedar.com.
The Company's common shares are expected to commence trading concurrently on the Toronto Stock Exchange under the new symbol "BUF" and on the JSE Limited under the new symbol "BUC" effective July 21, 2014.
About the Company
The Company is a growing 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 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. The Company has an experienced coal-focused management team.
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 expected date for the commencement of trading of the Company's common shares on the Toronto Stock Exchange and future financial or operating performance of the Company and its projects. 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 the Company 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 the Company 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 forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SOURCE Forbes & Manhattan Coal Corp.For further information:
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