Manas Resources

Published : December 09th, 2013

Non-Renounceable Entitlement Issue Closes

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Non-Renounceable Entitlement Issue Closes

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]

9 D e c e m b e r 2 0 1 3 A S X R E L E A S E / M E D I A R E L E A S E

$5.5M RIGHTS ISSUE TO ADVANCE DEVELOPMENT OF SHAMBESAI GOLD PROJECT CLOSES

Manas Resources Limited (ASX-MSR) advises closure of its $5.5M non-renounceable entitlement issue to shareholders to fund further development of its 100%-owned low-cost, high-margin Shambesai Gold Project in the Kyrgyz Republic, Central Asia.
The partially underwritten, entitlement issue to shareholders was undertaken on the basis of one new share for every two shares held at the record date of 15 November 2013 at an issue price of 4 cents per share to raise approximately $5.5M together with one free attaching option (exercisable at 8 cents each on or before 31 March
2015) for every share issued (Rights Issue).
Patersons Securities Limited (AFSL 239052) has underwritten up to $2.5M of the Rights Issue, with Halcyon Corporate Pty Ltd (AFSL 416980) undertaking on a best endeavours basis to place the remainder of the shortfall up to a maximum aggregate amount of $3.0M.
The total number of shares subscribed under the Rights Issue by Manas shareholders is 5,810,274 and consequently, the Shortfall Securities comprising 131,960,806 shares, will be allocated to Patersons and Halcyon on a pro-rata basis.
The Company's directors and senior management have subscribed for their full entitlements (totalling 3,027,204 shares) and in addition have entered into sub-underwriting arrangements to subscribe for a further 9,627,277 shares pursuant to the underwriting. In addition, the Company's leading institutional shareholder, Lion Selection Group, has underwritten its entitlement and will subscribe for 10,550,750 shares pursuant to the underwriting. The securities subscribed pursuant to the Rights Issue will be issued on Wednesday 11 December 2013, with settlement of underwritten amounts and shortfall placement funds expected to occur on Friday 13 December
2013, with the issue of those securities on Monday 16 December 2013.
The funds raised will be used for the Shambesai Gold Project pre-development and development costs including -

Completion of the OVOS (the Kyrgyz Republic equivalent of the Environmental and Social Impact

Assessment)

Detailed plant design and engineering studies

Manas Resources Limited - Rights Issue Page 1 of 2

9 December 2013

Completion of permitting

Land acquisition, government and community relations expenses

Commencement of site works

Project finance costs

Working capital

Manas Resources Limited

ACN 128 042 606

Managing Director Stephen Ross said: "I am delighted with the support shown by my fellow Directors, senior management and the Lion Selection Group for this rights issue. The level of support displayed pays testament to recent progress Manas has made and the attractiveness of the low-cost, high-margin Shambesai Gold Project. The funds raised will allow Manas to progress the development of Shambesai, as we move towards finalising permitting and project financing through to commencing construction next year."
Details of the Manas Resources 100%-owned Kyrgyz Gold Projects can be found at the Company's website www.manasresources.com
For further information contact -
Stephen Ross Simon Hinsley Managing Director Investor Relations Manas Resources Limited NWR Communications
Telephone +618 9380 6062 +61 (0) 401 809 653

Manas Resources Limited - Rights Issue Page 2 of 2

9 December 2013

Read the rest of the article at www.noodls.com

Manas Resources

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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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