TORONTO, ON / ACCESSWIRE / June 17, 2019 / Stans Energy Corp. (TSX-V: HRE, OTC: HREEF), ("Stans" or the "Company") announces a proposed non-brokered private placement offering (the "Offering") of up to C$100,000 of common shares in the capital of Stans Energy Corp. (the "Common Shares") to be sold on a best efforts basis.
The Offering is for up to $100,000 (the "Offering Amount") consisting of up to 2,000,000 units at a price of $0.05 per Unit. Each Unit will consist of one common share in the capital of the Company and one share purchase warrant (each whole warrant a "Warrant"). Each Warrant will be exercisable to acquire one additional common share of the Company for a period of 60 months at a price of $0.06 per common share.
Stans intends to use the gross proceeds for general corporate purposes.