Stans Energy Corp (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’) has granted, an aggregate of 3,650,000 incentive stock options to employees and directors of the company. These options are granted in place of options that expired on January 29, 2015. Each stock option entitles the holder to purchase one common share of the Company for $0.07 per share until May 11, 2020. The share options shall vest, in six (6) equal installments over a period of 18 months with the first installment vesting on August 11, 2015 and the remaining Options vesting upon six (6) months, nine (9) months, and one (1) year, fifteen (15) months and eighteen (18) months after the date of grant.
Options in the following amounts were granted to:
Rodney Irwin: 500,000
Boris Aryev: 500,000
Gordon Baker: 500,000
Douglas Underhill: 500,000
Gennady Savchenko: 550,000
Albert Grenke: 200,000
Vadim Veshchezerov: 200,000
David Vinokurov: 200,000
Elena Masters: 50,000
Marina Provotorova: 50,000
Marat Fazullin: 350,000
Valery Kosynkin: 50,000
The option grant was approved by the board of directors on May 11, 2015 and is subject to regulatory approval.
Furthermore, the Board of Directors decided to cancel the following options with the consent of the option holder:
|Expiry Date||Price||Number of Options|
|May 26, 2016||1.85||2,600,000|
|July 14, 2016||1.46||200,000|
|August 3, 2016||1.39||500,000|
|February 27, 2017||1.12||40,000|
|January 10, 2017||0.74||2,200,000|
|May 11, 2015||0.74||300,000|
|August 2, 2015||0.61||350,000|
|March 21, 2018||0.41||100,000|
Total Options Cancelled: 6,290,000
As previously indicated on the April 14, 2015 in a Press Release by the Company, Boris Aryev was granted 425,000 shares to settle a debt for salary and expenses of $21,619.61. However, according to TSX Policy, a maximum of $2500.00 of debt can be settled per month via share issue. Thus, Mr. Aryev, will receive 200,000 shares to settle debts accumulated from February through May 2015, not 425,000 as indicated in that press release.
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.