TORONTO, ONTARIO--(Marketwired - Sept. 4, 2013) - Forbes & Manhattan Coal Corp. (TSX:FMC) (JSE:FMC) has closed the secured US$6 million convertible loan facility from Resource Capital Fund V L.P ("RCF") (the "Transaction"). The loan facility is to be used for general working capital in relation to Forbes Coal's operations and exploration properties in Dundee, South Africa. Subject to receipt of shareholder approval, the loan facility is convertible into common shares of Forbes Coal at a price of C$0.36 per common share.
