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Stans Energy Corp V.HRE.H

Alternate Symbol(s):  HREEF

Stans Energy Corp. is a Canada-based resource development company focused on advancing rare and specialty metals properties and processing technologies. The Company focuses on potential target properties in Canada and the United States. The Company's subsidiaries include Kutisay Mining LLC, Kashka REE Plant Ltd., and SevAmRus CJSC. The Company has not generated any revenue.


TSXV:HRE.H - Post by User

Post by CanadaCoinon Aug 21, 2019 5:45pm
203 Views
Post# 30052485

Your answers lie within this 2015 Press Release....

Your answers lie within this 2015 Press Release....

Stans Energy Corp. (“Stans” or the “Company”) is pleased to announce that it has entered into a litigation funding agreement with a subsidiary of the Calunius Litigation Risk Fund 2 LP (the “Funder”).  Calunius Capital LLP, is the exclusive investment advisor to the Funder which specializes in funding commercial litigation and arbitration claims. Calunius Capital LLP is authorized and regulated by the Financial Services Authority as an investment adviser.

Under the terms of the litigation funding agreement, the Funder has agreed to assist in the funding of Stans’ legal costs and to provide funding towards ongoing corporate overhead costs, in relation to the international arbitration proceedings against the Republic of Kyrgyzstan (the “Defendant”) on a non-recourse basis.

Stans will continue to have complete control over the conduct of the international arbitration proceedings, insofar as the proceedings relate to the Company’s claims, and continues to have the right to settle with the parties, discontinue proceedings, pursue the proceedings to a final determination and take any action Stans considers appropriate to enforce judgement.

Under the terms of the privileged litigation funding agreement, the Company has given certain warranties and covenants to the Funder.  In consideration for the provision of arbitration financing, Stans has agreed to pay to the Funder a portion of any final settlement of the arbitration claim against the Defendant (the “Funder’s Fee”).  The Funder’s Fee shall only become payable upon a final settlement of the arbitration claim and the value of the Funder’s Fee is dependent upon a number of variables including the value of any settlement and the length of time taken to reach a settlement.  The agreement also provides that the amount of the Funder’s Fee shall not exceed the amount of the aggregate proceeds of the arbitration claim under any circumstances.

https://www.stansenergy.com/press-releases/stans-energy-secures-litigation-funding-arrangement/
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