CALGARY, ALBERTA September 27, 2010
Petromanas Energy Inc. ("Petromanas") (TSXV:PMI) is pleased to announce that effective with the opening of the market on September 28, 2010, 93,750,000 common share purchase warrants which were issued pursuant to a private placement which closed on May 27, 2010 will commence trading on the TSX Venture Exchange under the symbol PMI.WT.A. Each warrant entitles the holder to purchase one common share at a price of $0.60 per share on or before May 26, 2012.
About Petromanas Energy Inc.
Petromanas is an international oil and gas company focused on the exploration and development of its assets in Albania that possess world-class resource potential. Petromanas, through its wholly-owned subsidiary, holds three Production Sharing Contracts ("PSCs") with the Albanian government. Under the terms of the PSCs, Petromanas has a 100% working interest in six onshore blocks (Blocks A, B, D, E, 2 and 3) that comprise more than 1.7 million acres across Albania's Berati thrust belt.
About Manas Petroleum Inc.
DWM, a wholly owned subsidiary of Manas Petroleum now has ownership and control over 200,000,000 common shares of Petromanas and the right to acquire a further 50,000,000 common shares of Petromanas. The 200,000,000 common shares represent 32.36% of the issued and outstanding common shares of Petromanas. Assuming DWM acquired the additional 50,000,000 common shares it would hold 250,000,000 common shares representing 37.42% of the partially diluted issued and outstanding shares of Petromanas.
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