Forbes Completes Acquisition of Slater Coal Properties

Forbes & Manhattan Coal Corp. (TSX:FMC,JSE:FMC) announced it has made its final payment for the Slater Coal properties.

As quoted in the press release:

The Company has paid ZAR 140,000,000 (C$18,500,000) to Slater Coal in accordance with the provisions of the amended purchase and sale agreement entered into between Forbes Coal and Slater Coal on August 13, 2010.

Click here for the Forbes & Manhattan Coal Corp. (TSX:FMC) press release.