Manas Petroleum (OTC.BB: MNAPO) has entered a letter of intent (LOI)with WWI Resources. Pursuant to the LOI, Manas will sell their shares of a wholly-owned subsidiary in exchange for a minimum of 100,000,000 common shares and a signing bonus in cash. Upon closing of the agreement, Manas will reorganize their affairs so that the subsidiary will own 100% of the Manas' Albanian assets. Following the closing, WWI will be obligated to issue an aggregate of 150,000,000 additional shares upon the achievement of certain operational targets.
Penny Stock Professor, a leading financial publication, is pleased to alert investors of stocks on the move. Sign Up for our Free Penny Stock Picks.
Manas Petroleum Corporation (Manas Petroleum) is a development-stage company engaged in the business of exploring for oil and gas, primarily in Central Asia and the Balkans. The Company is focused on the exploration of light oil prospects. The Company carries out operations both directly and through participation in ventures with oil and gas companies to whom it has farmed out a project.
Follow us on Twitter: http://www.twitter.com/pennystockspro
Sign up for the free Penny Stock Professor newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
About Us
Penny Stock Professor is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
