Stans Energy Corp. (TSX-V: HRE, OTCQB: HREEF), (“Stans” or the “Company”) is pleased to announce that Olga Stevens, has been appointed Chief Financial Officer of the Company. Ms. Stevens is Certified Public Accountant with over 15 years of progressive experience in the mining industry, having started her career at E&Y managing audits of public companies. Prior to joining Stans, Olga spent a number of years with Eurasia Gold Inc., Romios Gold Inc. and Appia Energy Corp.
“We are proud to welcome Olga to the Stans team and look forward to her contributions,” stated Rodney Irwin, President and CEO.
Shares for Debt Settlement
The Company also announces that it has entered into a debt settlement agreement with Mr. Boris Aryev, COO.
As per terms of the debt settlement agreement, Mr. Aryev will receive 200,000 common shares (the “Shares”) of Stans at the price of $0.05/share. The Company owes Mr. Aryev compensation for base salary for the period of August – November 2015, and Mr. Aryev is accepting the shares as partial compensation for the said time period.
This agreement is conditional upon TSX Venture Exchange acceptance for filing.
About Stans Energy
Stans Energy Corp. is a resource development company focused on advancing rare earth and specialty metals properties in areas of Central Asia and Russia. Stans acquired the past producing rare earth mine, Kutessay II, in the Kyrgyz Republic in 2009. Since that time the Government of the Republic of Kyrgyzstan took expropriatory actions against the Company’s interests in that country, Subsequently Stans Energy applied to international arbitration to resolve the conflict. On June 30, 2014, Stans Energy was awarded US$118 Million by the Arbitration Tribunal at the Moscow Chamber of Commerce and Industry. On October 24, Stans Energy arrested 47 million shares of Centerra Gold (TSX: CG) as security in this matter. This security allows the Company to pursue the recognition of its arbitral award against the Kyrgyz Republic in the Canadian court system. Stans is now seeking recognition by the Ontario Court of Justice to collect US$ 118 Million worth of Centerra Gold shares.
We seek safe harbour.
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.