Manas Petroleum Corporation Announces Completion of Public Offering and TSX-V Listing(PresseBox) (Baar, Schwitzerland, )
Raymond James Ltd. acted as agent in the Offering. As consideration for its assistance, Manas paid to Raymond James a cash commission equal to 6.75% of the gross proceeds of the Offering and reimbursed Raymond James for expenses. In addition, Manas issued to Raymond James agents' warrants that entitle Raymond James to purchase up to 1,333,515 shares of the Company's common stock at a purchase price of U.S.$0.60 until May 6, 2013.
The Company is also pleased to announce that, concurrently with the completion of the Offering, it has been listed as a Tier 2 Oil and Gas issuer on the TSX Venture Exchange. Shares of Manas common stock will trade on the TSX Venture Exchange under the symbol "MNP" and the Warrants issued in the Offering will trade on the TSX Venture Exchange under the symbol "MNP.WT". Manas will retain its current listing on the OTC Bulletin Board but the Warrants will trade only on the TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.