CORRECTING and REPLACING Stans Energy Corp Grants Options
March 04 2014 - 7:14PM
Business Wire
First paragraph of release dated March 3, 2014 should read :
"The option grant was approved by the board of directors on March
3, 2013" (instead of "October 23").
The corrected release reads:
CORRECTING AND REPLACING STANS ENERGY CORP
GRANTS OPTIONS
Stans Energy Corp (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The
Company’) has granted on March 3, 2014, an aggregate of 2,700,000
incentive stock options to employees and directors of the company.
Each stock option entitles the holder to purchase one common share
of the Company for $0.07 per share until March 3, 2019. 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 July 3, 2014. The option grant was approved by the board
of directors on March 3, 2013 and is subject to regulatory
approval.
About Stans Energy
Stans 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.
Contact DetailsRodney IrwinInterim President &
CEOrodney@stansenergy.com647-426-1865orDavid VinokurovVP Corporate
Developmentdavid@stansenergy.com647-426-1865
Stans Energy (CE) (USOTC:HREEF)
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