Mr. Robert Mackay reports
STANS ENERGY REPORTS LICENCE AGREEMENT EXTENSION APPROVAL VALID WITHIN KYRGYZ REGULATIONS
Stans Energy Corp. president and chief executive officer
Robert Mackay has confirmed that the licence
agreement extension that the company has reported on June 18, 2012, was
unanimously ratified by the 14-expert-member licensing committee of the
State Geological Agency of Kyrgyz Republic (KR).
Recent reports emanating from various sources in Kyrgyzstan of the
company's failure to comply with elements, as defined in the licences,
are not accurate and in certain cases, blatantly false. Management will
continue to deploy all the resources at its disposal to dispel rumours
and innuendo from public discourse and if need be, to take legal action
against any slanderous comments.
The licence agreement process reviewed the works done to date that Stans
Energy has implemented to further the progress toward production at
Kutessay II and its required infrastructure. A detailed plan was
submitted to the Kyrgyz authorities as per the conditions of the past
licence agreement, which was then audited and evaluated by the 14
experts of the licensing committee at the Kyrgyz State Geological
Agency. The final decision to sign the new licensing agreement No. 3 was
based on these evaluations, and is the basis for the framework that
Stans is eager to negotiate in order to establish a public-private
partnership and bring Kutessay II back to full production.
"We have always worked within the laws of Kyrgyzstan, and we are
meticulous in our adherence to the rules and guidelines set out within
our licence agreements. We believe in the people of Kyrgyzstan and the
potential of the country. Proof of this statement lays in the fact that
we have invested seven years of our time and over $18-million Canadian (over 800 million Kyrgyzstani soms) of our shareholders' money
in Kyrgyzstan. With the help of the Kyrgyz government, Stans Energy has
the opportunity to become an international leader in the development of
heavy rare earths and possibly the development of downstream heavy rare
earth products for high-tech industries. This business will employ
hundreds of Kyrgyz citizens and develop professional skills needed to
continue Kyrgyzstan's progress as a nation," states Robert Mackay.
"Furthermore, I want to assure our shareholders that we will use every
resource at our disposal to defend your rights, as the legal owners of
the Kutessay II mine and Kashka HRE processing facility, should any
source attempt to attack the integrity of Stans Energy."
We seek Safe Harbor.
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