UPDATE: Manas Petroleum Corp. Update on Tajikistan; Shrs Jump 25% Today
Manas Petroleum Corp. (MNP.V), which fell 15% and nearer to year lows Monday, has risen 2 cents or 25% today after it announced that on December 31, 2012 its wholly-owned subsidiary, DWM Petroleum AG, entered into a Share Purchase Agreement with an unrelated third party, whereby DWM will acquire, for cash, an 80% stake in a Swiss company, which at the time of the completion of this transaction will indirectly own 100% interests in certain mature producing assets in the Republic of Tajikistan which will be rehabilitated and redeveloped. The transaction is subject to Tajik government and stock exchange approvals and is expected to close before the end of April 2013.
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