Stans Energy Supported by Canadian Government
26 März 2013 - 11:02PM
Business Wire
Rodney Irwin, Chairman of the Board of Stans Energy Corp.
(“Stans Energy” or the “Company”), (TSX-V: HRE, OTCQX: HREEF),
Honorary Consul to Canada for the Kyrgyz Republic and Former
Canadian Ambassador to Russia, is pleased to report that senior
representatives of the Canadian government attended meetings with
Kyrgyz government officials to demonstrate their support for the
Company’s initiatives at Kutessay II.
Canadian Member of Parliament, Bob Dechert; Parliamentary
Secretary to Foreign Minister John Baird, accompanied by Trade
Commissioner Marc Andre Savage from the Canadian Embassy met with
senior Kyrgyz government officials. The goal of these meetings was
to provide support for Canadian mining companies operating in
Kyrgyzstan. Stans Energy’s local representatives were pleased to
brief the Canadian visitors on company activities, providing a
corporate update in preparation for their calls on Kyrgyz officials
and to discuss the value Canadian firms can bring to Kyrgyz
economic priorities in the mining sector.
“This demonstration of support by Canadian government
representatives, promotes Canada’s commitment in encouraging
business ties with developing economies in Central Asia,
particularly in extractive industries. We are eager to continue our
working relationship with the Kyrgyz authorities in an effort to
put the Kutessay II Heavy Rare Earth mine back into production,”
states Rodney Irwin, Chairman of Stans Energy.
Stans Energy has also granted an aggregate of 100,000 options to
an employee of the company. Each stock option entitles the holder
to purchase one common share of the Company for $0.41 until March
21, 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 July 21, 2013. The option grant was approved
by the board of directors on March 21, 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
Robert Mackay David Vinokurov Stans Energy Corp Stan Energy Corp
President & CEO
VP Corporate Development
robert@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.
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