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Manas Resources To Reveal Details Of Capital Raising

Central Asian gold developer Manas Resources (ASX:MSR) this week achieved another milestone for its Shambesai Gold Project in the Kyrgyz Republic.

The Sanitary Protection Zone was approved by the State Ministry of Health and the State Agency for Environmental Protection and Forestry.

Shambesai has the potential for all-in cash costs of under US$700 an ounce, placing it among the lowest quartile of costs in the gold sector.

Manas is now heading to market with a capital raising.

The halt will remain in place until the opening of trade on Friday 12th September 2014, or earlier if an announcement is made to the market.

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