Stans Energy Corp (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’) is pleased to announce that Anna Kuranova, CGA, has been hired as the new Chief Financial Officer for the company.
Mrs. Kuranova has extensive financial reporting experience with progressively senior positions at both High River Gold and Kinross Gold. Mrs.Kuranova will be replacing Lena Masters whose resignation became effective on March 7, 2012. Ms. Masters will be moving on to another opportunity.
“We are extremely pleased that Anna has decided to join Stans and her experience in operational positions at producing mines in Russia will assist the company as we move forward with our plans to resume production at our flagship Heavy Rare Earth property Kutessay II. We wish Ms. Masters continued success and thank her for her years of dedicated service with Stans Energy,” states Robert Mackay, President and CEO.
Mrs. Kuranova will be granted 300,000 options as approved by the board of directors on March 7, 2012. These incentive stock options are exercisable into one common share of the company at $0.94 until March 7, 2017. All options granted and any common shares issued on the exercise of the options will be subject to a statutory four-month hold period expiring July 7, 2012. The option grant is subject to regulatory approval.
About Stans Energy
Stans Energy is a resource development company focused on progressing Heavy Rare Earth (HRE) properties in areas of the Former Soviet Union. 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 Plant (KRP) the same plant that historically refined REEs from the Kutessay-II open pit mine. 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.
President & CEO
Manager, Investor Relations
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, and 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.