Effective at the opening, Friday, May 6, 2011, the common shares and warrants of Manas Petroleum Corp. will commence trading on the TSX Venture Exchange. The company is classified as an oil and gas company.
The company is presently trading on the OTC Bulletin Board.
Corporate jurisdiction: Nevada
Capitalization: 300 million common shares with a par value of 0.1 U.S. cent, of which
170,867,000 common shares are issued and outstanding
Escrowed shares: 38,875,519 common shares
Transfer agent: Island Stock Transfer/Equity Financial Trust Company
Trading symbol: MNP
Cusip No.: 56176Q 102
Agent's warrants: 1,348,515 non-transferable share purchase warrants (one warrant to purchase one additional share at 60 U.S. cents per share for a period of 24 months following the date the shares of the common stock are listed)
Prospectus unit offering
Effective May 2, 2011, the company's prospectus dated May 2, 2011, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the British Columbia, Ontario, Alberta, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador securities commissions, pursuant to the provisions of the applicable Securities Act.
The TSX Venture Exchange has been advised that closing will occur prior to trading commencing on May 6, 2011, for gross proceeds of $22,475,250 (U.S.).
Agents: Raymond James Ltd.
Offering: 44,950,500 units (each unit consisting of one share and one warrant)
Unit price: 50 U.S. cents per unit
Warrant exercise price/term: 70 U.S. cents per share for a period of 36 months from May 6, 2011
New listing -- warrants
Capitalization: 44,950,500 warrants are issued and outstanding
Transfer agent: Equity Financial Trust Company
Trading symbol: MNP.WT
Cusip No.: 56176Q 110
The warrants were issued pursuant to the prospectus offering. One warrant entitles the holder to purchase one share at a price of 70 U.S. cents per share and will expire on Tuesday, May 6, 2014.
For further information, please refer to the company's prospectus dated May 2, 2011.
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