TORONTO--(BUSINESS WIRE)--Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) is proud to report that Vadim Veshchezerov has been appointed to its Board of Directors. Mr. Veshchezerov has created and sold a number of companies in the microelectronics and IT industries. He has also held various senior advisory positions in the banking industry in Russia. Since 2001 he has been with RUSNANO, a Russian state sponsored investment fund, where he has held different senior positions, now serving as Investment Director. RUSNANO is a Russian government sponsored investment fund that is charged with developing the nanotech and high technology industries within the Russian Federation.
“The addition of Mr. Veshchezerov to the Board of Directors is a tremendous accomplishment for the Company and will add to prospects moving forward. His investment pedigree and connections within the Russian finance community will assist the company as it works towards its goal of becoming one of the pre-imminent suppliers of rare earth and rare metal products globally. As Stans continues to evaluate new resource acquisitions, business and financing opportunities within the Russian Federation, Mr. Veshchezerov’s expertise will be invaluable to the Company,” states Rodney Irwin, Interim – President and CEO.
As part of the executive compensation for the Mr. Veshchezerov, the Board of Directors has approved 300,000 incentive stock options. Each stock option entitles the holder to purchase one common share of the Company for $0.18 per share until July 8, 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 November 8, 2014. The option grant was approved by the Board of Directors on July 8, 2014 and is subject to regulatory approval.
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.
|Rodney Irwin||David Vinokurov|
|Stans Energy Corp||Stans Energy Corp|
|Interim - President & CEO||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.