Stans Energy Announces Appointment of New Director From Rusnano
July 09 2014 - 10:32AM
Business Wire
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the
“Company”) is proud to report that Vadim Veshchezerov has been
appointed to its Board of Directors. Mr. Veshchezerov has created
and sold a number of companies in the microelectronics and IT
industries. He has also held various senior advisory positions in
the banking industry in Russia. Since 2001 he has been with
RUSNANO, a Russian state sponsored investment fund, where he has
held different senior positions, now serving as Investment
Director. RUSNANO is a Russian government sponsored investment fund
that is charged with developing the nanotech and high technology
industries within the Russian Federation.
“The addition of Mr. Veshchezerov to the Board of Directors is a
tremendous accomplishment for the Company and will add to prospects
moving forward. His investment pedigree and connections within the
Russian finance community will assist the company as it works
towards its goal of becoming one of the pre-imminent suppliers of
rare earth and rare metal products globally. As Stans continues to
evaluate new resource acquisitions, business and financing
opportunities within the Russian Federation, Mr. Veshchezerov’s
expertise will be invaluable to the Company,” states Rodney Irwin,
Interim – President and CEO.
As part of the executive compensation for the Mr. Veshchezerov,
the Board of Directors has approved 300,000 incentive stock
options. Each stock option entitles the holder to purchase one
common share of the Company for $0.18 per share until July 8, 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 November 8, 2014. The option grant was approved by
the Board of Directors on July 8, 2014 and is subject to regulatory
approval.
About Stans EnergyStans Energy Corp. is a resource
development company focused on progressing Heavy Rare Earth (HRE)
properties in areas of the Former Soviet Union. 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
historically from Kutessay II. 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 Stans Energy Corp Stans Energy Corp Interim - President
& CEO VP Corporate Development 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 Corp.Rodney Irwin, 647-426-1865Interim -
President & CEOorDavid Vinokurov, 647-426-1865VP Corporate
Developmentinfo@stansenergy.comwww.stansenergy.com
Stans Energy (CE) (USOTC:HREEF)
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