Stans Energy Supported by Canadian Government
Mar 26th 2013 6:20PM
Updated Mar 26th 2013 6:26PM
Stans Energy Supported by Canadian Government
TORONTO--(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.
|Robert Mackay||David Vinokurov|
|Stans Energy Corp||Stan Energy Corp|
President & CEO
VP Corporate Development
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.
KEYWORDS: Kyrgyzstan United States Asia Pacific North America Canada Washington
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