TORONTO -- (Business Wire)
First paragraph of release dated March 3, 2014 should read : "The option
grant was approved by the board of directors on March 3, 2013" (instead
of "October 23").
The corrected release reads:
CORRECTING AND REPLACING STANS ENERGY CORP GRANTS OPTIONS
Stans Energy Corp (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’)
has granted on March 3, 2014, an aggregate of 2,700,000 incentive stock
options to employees and directors of the company. Each stock option
entitles the holder to purchase one common share of the Company for
$0.07 per share until March 3, 2019. 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 July 3, 2014. The option grant
was approved by the board of directors on March 3, 2013 and is subject
to regulatory approval.
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.
We seek safe harbour.
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.
Contacts:
Contact Details
Rodney Irwin
Interim President & CEO
rodney@stansenergy.com
647-426-1865
or
David
Vinokurov
VP Corporate Development
david@stansenergy.com
647-426-1865
Source: Stans Energy
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