Cease Trade Order
Manas Petroleum Corp.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
¶1 Manas Petroleum Corp. (Manas) is not a reporting issuer in British Columbia.
¶2 Manas was known as Express Systems Corp. until April 2, 2007.
¶3 Manas' securities are quoted on the Over-the-Counter Bulletin Board.
¶4 During 2007:
1. Manas distributed securities (the Distribution) to residents of British Columbia
through Haywood Securities Inc., a registered investment dealer in British
Columbia.
2. Manas has not filed the Report of Exempt Distribution that would be required to be
filed under section 6.1 of National Instrument 45-106 Prospectus and Registration
Exemptions if Manas relied on any of the exemptions from the prospectus and
registration requirements listed in that section.
3. Manas has not filed a prospectus for the Distribution as required by section 61 of the
Act.
¶5 Under section 164(1) of the Act, the Executive Director orders that trading in the
securities of Manas cease until:
1. Either
(a) Manas files a preliminary prospectus and prospectus in the required form, and
the Executive Director issues receipts for the preliminary prospectus and
prospectus; or
(b) If Manas relied on exemptions from the registration and prospectus
requirements of the Act for the Distribution that were available to it and
require a Report of Exempt Distribution, Manas files a Report of Exempt
Distribution; and
2. The Executive Director makes an order under section 171 of the Act revoking this
order.
¶ 6 October 9, 2007
Martin Eady, CA
Director
Corporate Finance