Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”), Stans Energy Corp. (”Stans” or the “company”) reports on its Annual and Special Shareholder Meeting
Stans advises that at its Annual and Special Shareholder meeting held September 26, 2013 in Toronto, KPMG were returned as auditors, the Company’s stock option plan was ratified, and Jonathan Buick was welcomed as a new director, replacing Robert Mackay, who had recently resigned as Stans’ CEO for health reasons. The board of directors of Stans is now comprised of incumbents Rodney Irwin, Boris Aryev, Gordon Baker, Douglas Underhill, and Jonathan Buick.
Following the shareholder meeting, the board of Stans approved increasing the board to six directors with the view to recruiting an appropriate candidate
Mr. Buick is a finance professional with more than 15 years of business, management and financing experience. He has been involved in mergers and acquisitions, restructuring, equity research and corporate finance. Mr. Buick is also the Founder and Managing Director of Harp Capital Corp. and the Buick Group. Harp Capital is a financial advisory firm and the Buick Group is a strategic advisory firm, both based in Toronto, Ontario. Mr. Buick has a Bachelor of Arts from York University.
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 toproduce 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.
Interim 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.
The State Prosecutors Office of the Kyrgyz Republic’s court action to invalidate the license issuance for the development of Kutessay II for Kutisay Mining LLC is still before the courts. Stans Energy hopes to be able to provide an update within this quarter on the status of the case.