Stans Energy Announces AGSM Results
September 26, 2014 (Source: BusinessWire) — Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”), reports on the following results from its Annual and General Special Meeting:
Election of Directors:
The Nominees listed in the management proxy circular for the 2014 AGSM were elected as directors of Stans Energy Corp. Detailed Results of the votes by ballot for the election of directors held at the AGSM are as follows:
|Nominee||Votes For||% For||Votes Withheld||% Withheld|
Appointment of Auditors
KPMG LLP, Chartered Accountants has been appointed auditors of the corporation to hold office until the close of the next annual general meeting of shareholders at such remuneration as may be fixed by the directors and the directors are hereby authorized to fix such remuneration. Results for the appointment of auditors are as follows:
43,696,489 (98.05%) votes for and 870,084 (1.95%) votes withheld
Stock Option Plan
The Stans Energy Corp. 10% rolling Stock Option Plan has been approved by the shareholders. Results as follows:
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22,919,581 (96.31%) votes for and 878,665 (3.69%) votes against
Resolution Confirming By-law Amendment
The confirmation of the amended form of the General By-law of the corporation passed by the Board of Directors and disclosed in Schedule “D” to the Management Information Circular was passed. Results as follows:
22,954,733 (96.49%) votes for and 834,511 (3.51%) votes against
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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 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.
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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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>