Stans Energy Announces Corporate Update
January 15, 2014 (Source: Businesswire) — Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”), announces the creation of the office of the Chief Financial Officer, with Company COO Boris Aryev serving as interim Chief Financial Officer pending hiring of a permanent CFO. Mr. Aryev will be assisted by two financial consultants, Douglas Varty, a former partner at KPMG retained to assist with the Company’s Q3 2013 and year-end filings, and Lena Masters of Administrative Services Corporation.
The Company also announces that Jonathan Buick tendered his resignation as a director on January 14, 2014.
Rodney Irwin, President and CEO goes on to state, “We would like to thank Mr. Buick for his insight and contributions while he served on the board of directors. We wish him continued success in his future endeavors. We are also pleased to have Ms. Masters, our former CFO, assisting the Company through this transition period. ”
About Stans Energy
Stans Energy Corp. 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 Processing Plant (KRP) the same plant that previously refined REEs historically from Kutessay II. 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.
|Contact DetailsRodney Irwin
Stans Energy Corp
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Interim – President & CEO
Stans Energy Corp
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.
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 release.
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