Stans Energy Announces Grant of Stock Options and Shares for Debt Settlement
ACCESSWIRE - Fri Mar 22, 11:09AM CDT
TORONTO, ON / ACCESSWIRE / March 22, 2019 / Stans Energy Corp. (TSX-V: HRE, OTC: HREEF), ("Stans" or the "Company") announces the grant of Stock Options and Shares for Debt Settlement.
Stock Options
The Company wishes to announce the issuance of 5,900,000 stock options to Directors, Management and Consultants at $0.05 per share for a period of five years from issuance.
Shares for Debt Settlement
The Company reports that COO, Boris Aryev, has been issued 400,000 shares at $0.05 per share to settle partial debt owed from salary arrears dating from April to November 2018. The Company also reports that CFO, Olga Stevens, has been issued 200,000 shares at $0.05 per share to settle partial debt owed from compensation arrears dating from September 2018 to February 2019. The Shares for Debt Settlement Agreement was approved by Stans Board of Directors on March 5th, 2019.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.