TORONTO, ONTARIO--(Marketwire - Sept. 21, 2012) - Forbes & Manhattan, Inc., ("F&M") a leading private merchant bank with a global focus on the resource-based sectors, hopes to turn heartache into hope for the Canadian Men's Olympic Relay Team following their disqualification at the 2012 London Games. Forbes & Manhattan is delighted to present the Canadian Men's Olympic Relay Team with a cheque for $40,000 to commend them for the dedication, sacrifice and years of hard work that took them to the Olympics this past summer.
A special cheque presentation will occur tomorrow at the Air Canada Centre as part of the The 2012 Canadian Olympic Hall of Fame Gala Dinner and Induction Ceremony red carpet festivities. Each of the four teammates including Gavin Smellie, Jared Connaughton, Justyn Warner and Oluseyi Smith will receive $10,000 each from Forbes & Manhattan.
Executive Chairman and Founder of Forbes & Manhattan, Stan Bharti was deeply saddened to find out that the Canadian Men's Olympic Relay Team would not receive their bronze medal at the Olympics but would instead be disqualified for a violation. As a spectator, fan and fellow Canadian, Mr. Bharti felt that he needed to do something about this travesty.
"It is so important that we support our athletes. Our contribution to the Canadian Men's Olympic Relay Team is an extension of my family's dedication and core belief in giving back and helping others in need. Forbes & Manhattan want to see the Canadian Men's Olympic Relay Team take another shot at achieving their dreams at the next Olympic Games," states Stan Bharti.
Mr. Bharti is a professional mining engineer with more than 35 years experience in business, management, operations, public markets, and finance. Mr. Bharti has been the President of Forbes & Manhattan, Inc., a private merchant bank since July 2001. Forbes and Manhattan currently has operations in 29 countries and has a portfolio of over 30 emerging resource companies. F&M has raised over $6 billion for its investee companies. Mr. Bharti and his family also run The Bharti Charitable Foundation - www.bharticharitablefoundation.com.
Smellie, Connaughton, Warner and Smith are so grateful for Forbes & Manhattan's support and for the acknowledgement of their diligence as Olympic athletes.
"I am so fortunate and blessed to be receiving this donation along with my relay team members. It does so much for my training plans heading into the World Championships next summer and the ultimate goal of Rio 2016. I can push the limit a little more in every aspect of my training, with the only focus of getting on that podium! Words cannot express how thankful I am. Thank you Mr. Stan Bharti and Forbes & Manhattan," exclaims Justyn Warner.
Team mate Gavin Smellie continues, "I'm really happy that Mr. Bharti of Forbes Manhattan understands the cost of competing at the world level. This money will go a long way in ensuring that I and my teammates can put our best foot forward at the next major international event, the World Athletics Championships in Moscow next summer. With this donation we can now focus on putting in the necessary hard work to bring that hardware home."
Forbes & Manhattan will present a check for $40,000 to the Canadian Men's Olympic Relay Team at 4:30PM on the red carpet of The 2012 Canadian Olympic Hall of Fame Gala Dinner and Induction Ceremony.
ABOUT FORBES & MANHATTAN
Forbes & Manhattan is a leading private merchant bank with a global focus on the resource-based sectors. F&M is headquartered in Toronto, Ontario, Canada with offices, operations and assets across the globe. F&M uses its industry proven technical and financial team, along with its capital, to incubate, finance and manage public and private companies in the junior resource sectors. We create shareholder value by uniting a successful combination of assets, financial backing, technical strength and marketing support throughout the entire corporate lifecycle. With a depth of financial, technical, legal and investor relations expertise in house, F&M is able to advance its group of portfolio companies to unlock shareholder value.
F&M has a successful track record of identifying high quality assets and advancing them from discovery through to production. For more information, please visit www.forbesmanhattan.com.