Concerned Shareholders of Forbes & Manhattan Coal Corp. urge shareholders to vote for Board change by registering for the YELLOW proxy

DENVER, Sept. 15, 2012 /CNW/ - Resource Capital Fund V L.P. ("RCF"), Terrafirma Securities Holdings LL.C. and Skye Alba Pty Ltd., (together the "Concerned Shareholders") call for Board change for the benefit of all shareholders.

Forbes & Manhattan Coal Corp. has extended the deadline for submission of votes at the Annual General Meeting.  This means you can continue to register votes. Shareholders should act NOW to ensure your vote is properly registered.

If you want:

  • A capable Board.  Vote the YELLOW proxy to elect a Board with relevant industry and country experience.

  • Strong, independent governance to restore shareholder value. Vote the YELLOW proxy to elect a Board to put corporate governance into action by actually being independent, and not just talk about it.

  • Proper oversight.  Vote the YELLOW proxy to elect a Board to ensure management are working for the benefit of the shareholders.

  • Your investment to be protected.  Vote the YELLOW proxy for a Board aligned with your interests as investors in the business, not the interests of one group of early pre-listing promoters intent on earning fees in the face of a falling share price, and tough industry conditions.


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  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:

North American Toll Free Number: 1-888-605-8411
RCF Contact: Mason Hills, Partner, +1 720 946 1444

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Resource Capital Fund V L.P.

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