Forbes & Manhattan Coal Corp. (TSX:FMC,JSE:FMC) reported that shareholders voted in favour of all items of business brought before them at Forbes’ Annual General and Special Meeting of Shareholders held on June 27, 2014. Additionally, shareholders of Forbes Coal approved a change of the company’s name to “Buffalo Coal Corp.”, subject to Toronto Stock Exchange Approval.
Forbes & Manhattan Coal Corp. (TSX:FMC,JSE:FMC) reported that shareholders voted in favour of all items of business brought before them at Forbes’ Annual General and Special Meeting of Shareholders held on June 27, 2014. Additionally, shareholders of Forbes Coal approved a change of the company’s name to “Buffalo Coal Corp.”, subject to Toronto Stock Exchange Approval.
As quoted in the press release:
This restructuring of the Company will result in a meaningful reduction of costs and has refocused the Company around its existing operating asset base. The board has strong confidence in the new management team which is now entirely based in South Africa,led by Malcolm Campbell as CEO and Sarah Williams as CFO. The final tranche of funds to be received by the Company will soon be applied to new equipment procurement with the first significant item, a new MC430 continuous miner supplied by Sandvik, about to be delivered to Magdalena Colliery.
Click here to read the Forbes & Manhattan Coal Corp. (TSX:FMC) press release
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1846.53 | +0.13 | |
| Silver | 21.75 | +0.03 | |
| Copper | 4.30 | +0.02 | |
| Palladium | 1968.65 | +11.53 | |
| Platinum | 957.67 | +3.19 | |
| Oil | 110.35 | -1.86 | |
| Heating Oil | 3.62 | -0.05 | |
| Natural Gas | 8.06 | -0.25 | |