Stans Energy Corp Grants Options
October 24 2013 - 8:30AM
Business Wire
Stans Energy Corp (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The
Company’) has granted on October 23, 2013, an aggregate of
1,100,000 incentive stock options to directors of the company.
500,000 of these options have been granted to Mr. Rodney Irwin for
the assumption of responsibilities of the role of Interim President
and CEO. Each stock option entitles the holder to purchase one
common share of The Company for $0.15 per share until October 23,
2018. All options granted and any common shares issued upon the
exercise of the options will be subject to a statutory four-month
hold period expiring February 23, 2014. The option grant was
approved by the board of directors on October 23, 2013 and is
subject to regulatory approval.
About Stans EnergyStans Energy Corp. is a resource
development company focused on advancing Heavy Rare Earth (HRE)
properties in areas of Central Asia and Russia. In December 2009,
Stans acquired a 20-year mining license for the past-producing
Kutessay II rare earth mine from the Kyrgyz Republic. On May 26,
2011 Stans completed the purchase of the Kashka Rare Earth
Processing Plant (KRP) the same plant that previously refined REEs
from Kutessay II ores. The KRP was the only hard rock plant to
produce all rare earth elements outside of China, producing 120
different metals, alloys, and oxides. For over 30 years, Kutessay
II produced 80% of the rare earth metals for the Former Soviet
Union.
We seek safe harbour.
Contact Details
Rodney Irwin David Vinokurov Interim President &
CEO VP Corporate Development
rodney@stansenergy.com
david@stansenergy.com
647-426-1865 647-426-1865
FORWARD LOOKING STATEMENTS: This document includes
forward-looking statements as well as historical information.
Forward-looking statements include, but are not limited to, use of
proceeds from the Offering, the completion of the Offering, the
continued advancement of the company's general business
development, research development and the company's development of
mineral exploration projects. When used in this press release , the
words “will”, “shall”, "anticipate", "believe", "estimate",
"expect", "intent", "may", "project", "plan", "should" and similar
expressions may identify forward-looking statements. Although Stans
Energy Corp. believes that their expectations reflected in these
forward looking statements are reasonable, such statements involve
risks and uncertainties and no assurance can be given that actual
results will be consistent with these forward-looking statement.
Important factors that could cause actual results to differ from
these forward-looking statements include the potential that
fluctuations in the marketplace for the sale of minerals, the
inability to implement corporate strategies, the ability to obtain
financing and other risks disclosed in our filings made with
Canadian Securities Regulators.
Stans Energy CorpRodney IrwinInterim President &
CEOrodney@stansenergy.com647-426-1865orDavid VinokurovVP Corporate
Developmentdavid@stansenergy.com647-426-1865
Stans Energy (CE) (USOTC:HREEF)
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