Manas Petroleum Corp. (OTCBB: MNAP) announced that it has entered into a binding agreement with new investor GSC-TL Partners LLC for private placement of 136,000,000 common shares for gross proceeds of $4,000,000 on September 21, 2017. In first tranche the company will issue 43,000,000 common shares at a price of $0.069767 per share for $3,000,000 and in second tranche 93,000,000 common shares at a price of $0.010752 per share gross proceeds of $1,000,000. Completion of the transactions is subject to conditions, including receipt of regulatory and Exchange approval, and the company has agreed to dedicate a portion of the $3,000,000 purchase price for the first stage shares to this purpose. In addition, because the investor will become a control person of the company upon completion of the second stage, the agreement contemplates that the second and third stages will be subject to shareholder approval.