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Forbes Coal closes remainder of USD 25 million loan from RCF VLP – SteelGuru

By Common Stock Warrants / July 5, 2014 July 5, 2014

Forbes Coal closes remainder of USD 25 million loan from RCF VLP
SteelGuru
As partial consideration for the restructuring, the Company issued warrants to purchase 34,817,237 Common Shares to Investec (the “Warrants“), each of which are exercisable at a price of CAD 0.1446 per Common Share until July 3rd 2019. Any proceeds …