Stans Energy Corp. Grants Options
May 21, 2013 (Source: FSC) — Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF),(‘Stans’ or ‘The Company’) has granted on May 17, 2013, an aggregate of 300,000 incentive stock options to a company advisor and an employee. Each stock option entitles the holder to purchase one common share of The Company for $0.23 per share until May 2, 2018. All options granted and any common shares issued upon the exercise of the options will be subject to a statutory four-month hold period expiring September 17, 2013. The option grant was approved by the board of directors on May 17, 2013 and is subject to the approval of the TSX venture exchange.
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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