NEW YORK, NEW YORK--(Marketwire - June 8, 2011) - Luxor Capital Group, LP ("Luxor") announces that as a result of share issuances by Forbes & Manhattan Coal Corp. ("Forbes"), and acquisitions and dispositions by Luxor, Luxor has control and direction over 4,811,600 common shares ("Shares") and its security holdings percentage has decreased from 15.57% to 13.8% of the issued and outstanding common 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.
An Early Warning Report respecting this acquisition will be filed on the System for Electronic Document Analysis and Review (SEDAR) under Forbes' profile and can be viewed at www.sedar.com.
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