Management Changes at Stans Energy
03 September 2013 - 3:54PM
Business Wire
Rodney Irwin, Chairman of the Board of Stans Energy Corp.
(‘Stans’ or ‘the Company’) (TSX-V:HRE) (OTCQX:HREEF)announces with
profound regret that, due to current health reasons, President and
CEO Robert Mackay has resigned, though he will be staying on as a
Director. Robert has experienced two separate life-threatening
health issues this year, the most recent while traveling on company
business this summer.
Robert co-founded Stans Energy Corp in 2005 and has played a key
role in all of Stans Energy’s efforts in Kyrgyzstan and his
leadership will be sorely missed as we proceed with our interests
in the Kyrgyz mining sector. The company wishes Robert good health
in retirement.
Robert Mackay has offered his parting words, “I would like to
thank the shareholders of this company for their continuous support
throughout the last 8 years. Stans purchased Kutessay II in
December 2009, and since that date, my goal as President of this
company was always to make Stans Energy Corp. the first heavy rare
earth miner and producer outside of China. I trust that Stans will
be able to find a suitable replacement, who shares the same vision.
I wish the employees and all of the company’s stake holders success
in the future.”
This is a complex and challenging time for the Company and until
a new President has been appointed, Rodney Irwin will fill that
role in an acting capacity. Efforts will be made to find a new
president who can guide the company through development and
production stages in the company’s future.
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
David VinokurovStans Energy CorpVP Corporate
Developmentdavid@stansenergy.com647-426-1865
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 CorpDavid Vinokurov, 647-426-1865VP Corporate
Developmentdavid@stansenergy.com
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