Manas Resources Limited announced that it expects to receive AUD 4.6935 million in funding
On April 15, 2013, the company closed its first tranche. The company issued 32,629,998 shares for gross proceeds of AUD 3,262,999.80 in its first tranche. The completion of the balance of the transaction will take place soon after the company's annual general meeting on May 27, 2013.
On May 27, 2013, the company announced that the transaction has been approved at the annual general meeting of the shareholders. The company received approval to issue up to 19,500,000 shares out of which 17,000,000 are to be issued pursuant to the second tranche of the transaction.