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NEW YORK, Oct. 22 /CNW/ - Luxor Capital Group, LP ("Luxor") announces it has acquired control and direction over 3,983,900 common shares (the "Shares") of Forbes & Manhattan Coal Corp. ("Forbes") as a result of the business combination between Forbes and Forbes & Manhattan (Coal) Inc. that took place on September 20, 2010. The Shares represent 15.57% of the issued and outstanding shares of Forbes.
The common shares of Forbes are listed on the TSX and trade under the trading symbol "FMC". The Shares are owned by accounts and funds managed by Luxor (the "Luxor Funds") and have been acquired for investment purposes. Depending on market conditions, Luxor and the Luxor Funds may in the future increase or decrease their investment in Forbes.