By Devika Patel
Knoxville, Tenn., July 15 - Manas Resources Ltd. said it raised A$4 million in a private placement of shares.
The company sold 40 million ordinary shares at A$0.10 per share to clients of Blackwood Capital Ltd. and Patersons Securities Ltd.
Proceeds will be used to increase the current 875,000 ounce resource base in the Shambesai-Obdilla region at the South Kyrgyz Gold Project.
Manas, based in Balcatta, Australia, is a gold mining company.
| Issuer: | Manas Resources Ltd.
|
| Issue: | Ordinary shares
|
| Amount: | A$4 million
|
| Shares: | 40 million
|
| Price: | A$0.10
|
| Warrants: | No
|
| Investors: | Clients of Blackwood Capital Ltd. and Patersons Securities Ltd.
|
| Settlement date: | July 15
|
| Stock symbol: | Australia: MSR
|
| Stock price: | A$0.12 at close July 15
|
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