Stans Energy Appoints CFO
Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQB: HREEF), (“Stans” or the “Company”) is pleased to announce that Olga Stevens, has been appointed Chief Financial Officer of the Company. Ms. Stevens is Certified Public Accountant with over 15 years of progressive experience in the mining industry, having started her career at E&Y managing audits of public companies. Prior to joining Stans, Olga spent a number of years with Eurasia Gold Inc., Romios Gold Inc. and Appia Energy Corp.
“We are proud to welcome Olga to the Stans team and look forward to her contributions,” stated Rodney Irwin, President and CEO.
Shares for Debt Settlement
The Company also announces that it has entered into a debt settlement agreement with Mr. Boris Aryev, COO.
As per terms of the debt settlement agreement, Mr. Aryev will receive 200,000 common shares (the “Shares”) of Stans at the price of $0.05/share. The Company owes Mr. Aryev compensation for base salary for the period of August – November 2015, and Mr. Aryev is accepting the shares as partial compensation for the said time period.
This agreement is conditional upon TSX Venture Exchange acceptance for filing.
About Stans Energy
Stans Energy Corp. is a resource development company focused on advancing rare earth and specialty metals properties focusing on areas of Central Asia and Russia. Stans acquired, among other things, the right to mine the past producing rare earth mine, Kutessay II, in the Kyrgyz Republic in 2009 and the right to mine Beryllium at Kalesay. Steps subsequently taken by the Government of the Kyrgyz Republic wrongfully to deprive the Company of those mining rights have required Stans to take the actions described above to protect the Company’s rights and recover damages caused by the Republic’s wrongful actions.
Contact Details
Rodney Irwin
President & CEO
rodney@stansenergy.com
647-426-1865
David Vinokurov
Stan Energy Corp
VP Corporate Development
david@stansenergy.com
647-426-1865
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 believes that its 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 statements. 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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/stansenergy12142015.pdf
Source: Stans Energy Corp. (TSX Venture:HRE, OTCQX:HREEF) www.stansenergy.com
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