March 30, 2011
Stans Energy Corp. (the ‘Company’ or ‘Stans Energy’) (TSX-V:RUU) is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. to act as Lead Agent (the “Agent”), and Clarus Securities Inc. to act as Co-Manager (the “Co-Manager”) in connection with a best efforts private placement financing (the “Private Placement”) for units (the “Units”) of the Company at a price to be determined in the context of the market for aggregate proceeds of approximately $25,000,000, subject to regulatory approvals. Each Unit shall be comprised of one common share (a “Common Share”) and one half of one common share purchase warrant (each whole common share purchase warrant a “Purchase Warrant”).
The proceeds of the Private Placement will be used for a feasibility study on Kutessay II and Kalesay, purchase of the KCMP Rare Earth (RE) Processing Complex, refurbishment and upgrades to the KCMP RE Processing Complex, Aktyuz exploration and for working capital.
All of the Common Shares and Purchase Warrants issued pursuant to the Private Placement are subject to a four-month hold period. Completion of the Private Placement is subject to TSX Venture Exchange approval.
Stans Energy Corp.
Stans Energy Corp. is focused on developing properties containing Rare Earth Elements (REEs). The company continuously examines and evaluates new opportunities to acquire and develop proven resource properties in areas of the former Soviet Union. The headquarters of the company is located in Toronto, Ontario, Canada, and its wholly-owned subsidiary, Stans Energy KG, is located in Bishkek, Kyrgyzstan. Stans Energy Corp’s Chairman, Rodney Irwin, was the former ambassador to the Russian Federation for Canada, and currently serves as the Honorary Consul of the Kyrgyz Republic for Canada.
Please visit Stans Energy’s website – www.stansenergy.com for additional information, or contact:
President and CEO, Stans Energy Corp.
Ph. 647 426 1865
Manager Investor Relations, Stans Energy Corp
Ph. 647 426 1865