Manas Resources

Published : July 10th, 2015

10 July - Capital Raising Plans Finalised

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Keywords :   Australia | Gold | Lead |

10 July - Capital Raising Plans Finalised

Microsoft Word - 20150710 MSR-ASX Release (Capital Raising plans finalised).docx

Manas Resources Limited

ACN 128 042 606

Level 1, Suite 5, The Business Centre

55 Salvado Road, Subiaco WA 6008

Telephone: +61 8 9380 6062

Facsimile: +61 8 9380 6766

W www.manasresources.com

E[email protected]

1 0 J u l y 2 0 1 5 A S X R E L E A S E

CAPITAL RAISING PLANS FINALISED

Manas Resources Limited (ASX: MSR) ("Company") announces finalisation of plans for a $4.7 million capital raising by way of a private placement of 77 million shares to raise approximately $0.54 million, followed by a non-renounceable entitlement issue on a 1 for 1 basis to raise approximately $4.17 million.
The funds raised from the capital raising will be used primarily to complete a number of project activities at the Company's Shambesai Gold Project ("SGP"), which are required as part of the pre-development process and under the Company's Mining Licence agreement with the Kyrgyz Government. The completion of these activities will help to advance the SGP whilst the Company continues with its dual strategy of procuring project finance for the development of the SGP or securing a partial or outright disposal of the Kyrgyz mineral assets, whichever can be completed on a timely basis with the best possible outcome for shareholders.

Capital Raising

The capital raising is comprised of a private placement ("Placement Issue") and a non-renounceable entitlement offer ("Rights Offer"). GMP Securities Australia Pty Limited ("GMP") has been appointed as Lead Manager for the Placement Issue and the Rights Offer, and will also be appointed as Underwriter for the Rights Offer.
77 million new shares have been offered under a completed book-build exercise by GMP at an issue price of $0.007 per share to sophisticated and professional investors to raise approximately $0.54 million in gross proceeds. The Placement Issue will be completed on or before 17 July 2015 under the Company's 15% placement capacity under the ASX Listing Rules.
Approximately 595.8 million new shares will be offered on a 1 for 1 basis under the Rights Offer, also at an issue price of $0.007 per share to raise approximately $4.17 million in gross proceeds. The Rights Offer will be partially underwritten by GMP to the amount of $2.1 million (subject to the Company and GMP executing the underwriting agreement). GMP has also been mandated to assist with the placement of shortfall under the Rights Offer, if any after satisfying its underwriting commitments.
A fee of 6% of the total funds raised under the Placement Issue and the Rights Offer is payable to GMP.
The Company will lodge a prospectus for the Rights Offer with the Australian Securities and Investments
Commission later today.

1

As noted above, the net proceeds from both Placement Issue and the Rights Issue will be used primarily for pre-development and development expenditure at SGP, including completion of basic engineering works, technical permitting, finalisation of environmental permitting; limited exploration and evaluation expenditure; Manas Group administration, corporate and overhead expenditure and repayment of a short term loan of $200,000.

Key dates in relation to the Rights Offer are as follows*:

Prospectus lodgement with ASIC 10 July 2015
Shares trade "ex" the entitlements issue on ASX 17 July 2015
Record Date 21 July 2015
Despatch of Prospectus and Opening Date 23 July 2015
Closing Date 5 August 2015
Issue of Shares and despatch of holding statements 12 August 2015

*subject to approval by the ASX For further information -

Mark Calderwood Nathan Ryan

Chairman Investor Relations Manas Resources Limited NWR Communications Telephone +61 8 9380 6062 +61 401 809 653

www.manasresources.com

Forward Looking Statements: Statements regarding Manas Resources' plans with respect to its mineral properties are forward- looking statements. There can be no assurance that Manas Resources' plans for development and or sale of its mineral properties will proceed as currently expected. There can also be no assurance that Manas Resources' will be able to confirm the presence of additional mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Manas Resources' mineral properties.

2

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Manas Resources

EXPLORATION STAGE
CODE : MSR.AX
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Manas Resources is a gold exploration company based in Australia.

Its main exploration properties are MALY NARYN, DJINGILSAI - ARAVAN, AKBURA, KARABULAK - KARAVSHIN, CARLIN STYLE DEPOSITS, SHAMBESAI, SAVOYARDY and OBDILLA in Kyrgyzstan.

Manas Resources is listed in Australia. Its market capitalisation is AU$ 329.1 millions as of today (US$ 240.6 millions, € 208.3 millions).

Its stock quote reached its highest recent level on January 21, 2011 at AU$ 0.27, and its lowest recent point on April 09, 2020 at AU$ 0.00.

Manas Resources has 2 632 659 968 shares outstanding.

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Project news of Manas Resources
5/29/2013(Shambesai)Audio Webcast: Positive BFS Unveiled for Manas Resources' Sh...
5/15/2013Kyrgyzstan Prime Minister Mr Jantoro Satybaldiev endorses Ma...
11/18/2009Outstanding High Grade Results at Shambesai
10/6/2009(Shambesai)Further Outstanding High Grade Drill Results at Shambesai
8/17/2009(Shambesai)Outstanding High-Grade Results at Shambesai
Corporate news of Manas Resources
3/29/2016Notice of ceasing to be a substantial holder in Manas Resour...
10/26/201522 October - Shambesai Project Update
7/10/201510 July - Disclosure Document
7/10/20158 July - Trading Halt
7/10/201510 July - Capital Raising Plans Finalised
7/10/201510 July - Appendix 3B
7/7/20157 July - Board Changes
3/31/201531 March - Full Year Statutory Accounts
3/23/201524 March - Manas Research Note by Vicarage Capital
2/24/201525 February - Update to Economic Parameters and JORC 2012 Or...
11/2/2014Quarterly Activities Report
11/2/2014Quarterly Cashflow Report
1/29/2014December 2013 Quarterly Activities Report
12/23/2013Completion of non-renounceable rights offer with $5.5 millio...
12/16/2013BRR Webcast - Official Parliamentary Support - Shambesai
12/9/2013Non-Renounceable Entitlement Issue Closes
10/31/2013September Quarterly Activities Report
10/30/2013Rights Issue to raise up to $5.5M
1/31/2010December 2009 Quarterly Operations Report
8/25/2009Prospectus
6/5/2009Placement Offer
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