Resource Capital Fund V L.P., Terrafirma Securities Holdings LLC and Sky
Alba PTY. Ltd. ("Concerned shareholders") Urge Shareholders to VOTE the
YELLOW Proxy Card today
ISS Recommends Support of the Concerned Shareholders' Nominees
TORONTO, Sept. 11, 2012 /CNW/ - The Concerned Shareholders today
announced that Institutional Shareholder Services ("ISS"), Canada's
leading proxy advisory firm, recommends that its clients support the
Concerned Shareholders' Nominees. Recommendations by ISS are relied
upon by hundreds of major institutional investment firms, mutual funds
and other fiduciaries.
In its September 10, 2012, report, ISS stated:
"In light of the inadequate independence level of the current board and
excessive executive compensation issues, the dissidents have made a
compelling case that a change to the board is necessary at this time."
Forbes & Manhattan Coal Corp. will be holding its annual meeting of
shareholders on September 17, 2012 at 65 Queen Street West, Suite 800,
Toronto, Ontario M5H 2M5 at 10:00 a.m. (Toronto time). To ensure your
vote counts, proxies should be received prior to 2:00 p.m. Toronto time, on September 12, 2012 using one of the methods described on the YELLOW form of proxy.
We urge you to complete your YELLOW proxy form to join us in sending a clear message to the Company that
change is necessary to protect the interests of all shareholders.
Cautionary Note Regarding Forward Looking Statements
Certain statements contained herein are "forward looking statements"
within the meaning of applicable securities laws. Often, but not
always, forward-looking statements may be identified by their use of
forward-looking terminology such as the words "plans", "expects",
"expected", "projects", "believes", "anticipates", "intends",
"estimates", "scheduled" or other similar words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are not based on historical facts, but
rather on current expectations and projections about future events, and
are therefore subject to known and unknown risks, uncertainties and
other factors which could cause actual results, performances or
achievements to differ materially from future results expressed or
implied by such forward looking statements. Factors related to such
risks and uncertainties, and underlying estimates and assumptions
include, among others, the Concerned Shareholders' assessment of the
effect of the proposed changes on the Company and on the shareholders
of the Company, the timing and prospects for the implementation
thereof, general economic and market conditions, changes in law and the
ability to implement business strategies and pursue business
opportunities. Shareholders are cautioned that all forward-looking
statements involve risks and uncertainties, including those risks and
uncertainties detailed in the Company's filings with applicable
Canadian securities commissions, copies of which are available at www.sedar.com. Accordingly, undue reliance should not be placed on forward looking
statements or information. We do not expect to update forward-looking
statements or information continually as conditions change, except as
may be required by law.
SOURCE: Resource Capital Fund V L.P.
For further information:
If you have any questions about the information contained in this press release or require assistance in completing your proxy form, please contact:
North American Toll Free Number: 1-888-605-8411
RCF Contact: Mason Hills, Partner, +1 720 946 1444