KCMP Shareholders Approve Deal Structure for Stans Energy Corp to Acquire 100% of KCMP’s HREE Processing Complex

Feb

KCMP Shareholders Approve Deal Structure for Stans Energy Corp to Acquire 100% of KCMP’s HREE Processing Complex

posted by: Stans Energy | comments : 0 Comment

Symbol - TSX-V: RUU
February 18, 2011

On February 18, 2011, the shareholders of the Kyrgyz Chemical Metallurgical Plant (KCMP) held their annual general meeting, and officially voted in favour of the deal structure to complete the previously announced transaction between KMCP and Stans Energy Corp (See Stans’ press release January 13, 2011) for Stans to buy 100% KCMP’s Heavy Rare Earth Processing Complex, and private Rail Terminal for $5,500,000 USD. The legal process to finalize this transaction can now be initiated.

For additional information, please contact:

Robert Mackay
President and CEO, Stans Energy Corp.
Ph. 647 426 1865
Email: [email protected]

David Vinokurov
Manager Investor Relations, Stans Energy Corp
Ph. 647 426 1865
Email: [email protected]

About Stans Energy

Stans Energy Corp. is focused on developing properties containing Rare Earth Elements (REEs), Uranium, and Associated Metals. 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.

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