BAAR, Switzerland, Sept. 6, 2011 /CNW/ - Manas Petroleum Corp. ("Manas")
(TSX-V: MNP) (OTCBB: MNAP) is pleased to announce that, effective
September 1, 2011, it has retained Brisco Capital Partners Corporation
("Brisco") to provide investor relations and corporate communications
Brisco is a Calgary, Alberta, based consulting firm managed by Scott
Koyich, an investor relations professional with over 15 years of
experience providing investor relations services for public companies.
Manas has retained Brisco pursuant to a written agreement providing for
a six month term beginning on an effective date of September 1, 2011.
Pursuant to this agreement, Brisco will assist the Company at trade
shows, liaise with the investment community and assist with the
organization and presentation of roadshows. Manas has agreed to pay to
Brisco a monthly retainer of $10,000 plus approved expenses and it has
granted options to purchase 500,000 shares of common stock at an
exercise price of US$0.225, being the closing price, last sale of the
day on August 31, 2011, on the OTC BB; these options are to vest in
three installments on the sixth, twelfth and eighteenth months
following the effective date of the agreement.
Manas is looking forward to working with Brisco to broaden awareness of
its business and its properties.
About Manas Petroleum Corp.
Manas Petroleum is an international oil and gas company with primary
focus on exploration and development in South-Eastern Europe, Central
Asia and Mongolia. In Albania, Manas participates in a 1.7 million
acre exploration project through its equity interest in Petromanas
Energy Inc., a Canadian public company. In Kyrgyz Republic, Manas has
signed a US$54 million farm-out agreement with Santos International, a
subsidiary of one of Australia's largest oil and gas companies. In
addition to the development of its Kyrgyz Republic project, Santos is
developing the company's neighboring Tajikistan license under an option
farm out agreement. In Mongolia, Manas owns record title to the two
Production Sharing Contracts covering Blocks XIII and XIV through its
wholly-owned subsidiary Gobi Energy Partners GmbH, but 26% of the
beneficial ownership interest in these blocks is held in trust for
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.
Forward-Looking Statement Disclaimer
This press release contains forward-looking statements. Forward-looking
statements are projections of events, revenues, income, future economic
performance or management's plans and objectives for future operations.
In some cases you can identify forward-looking statements by the use of
terminology such as "may", "should", "anticipates", "believes",
"expects", "intends", "forecasts", "plans", "future", "strategy", or
words of similar meaning. Forward-looking statements in this press
release include the statement that Manas is looking forward to working
with Brisco to broaden awareness of its business and its properties.
While these forward-looking statements and any assumptions upon which
they are based are made in good faith and reflect current judgment
regarding the direction of Manas' business, actual results will almost
always vary, sometimes materially, from any projections included in
this press release. These statements are only predictions and are
subject to known and unknown risks, including the risks described in
Manas periodic disclosure documents filed on SEDAR and EDGAR, copies of
which are also available on the company's website at www.manaspetroleum.com. Any of these risks could cause Manas' or its industry's actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. Except as required by applicable law,
including the securities laws of the United States and Canada, Manas
does not intend to update any of the forward-looking statements to
conform these statements to actual results.
SOURCE Manas Petroleum Corp.
For further information:
Manas Petroleum Corp.
Bahnhofstr. 9, P.O. Box 155
CH-6341 Baar, Switzerland
Phone: +41 44 718 1030
Fax: +41 44 718 1039