Rhodia again?! Stans Energy Announces Addition of Rare Earth Expert Jean Paul Tognet to Advisory Board
Robert Mackay, President and CEO of Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) is pleased to announce the addition of rare earth expert Jean-Paul Tognet to its Advisory Board as a Senior Advisor.
Mr. Tognet is a French chemist and nuclear engineer who spent his 35 year business career in the Rare Earths sector. Mr. Tognet started with ore processing projects specializing in beneficiation and cracking at the Pechiney-St. Gobain research Center just outside Paris. In 1982, he began to lead the chemical engineering department at the Rhone-Poulenc Rare Earths plant in La Rochelle, France. Then, as Industrial and Raw Materials Director from 1992 to 1999, he managed the development of Rhone Poulenc’s Rare Earth processing plants in France, USA, Japan and China. After Rhone Poulenc’s name eventually changed to Rhodia (now a branch of Solvay), Mr. Tognet continued in global upstream management and finally was charged with the evaluation of new international Rare Earth projects until his retirement in 2005.
Stans CEO Robert Mackay comments, “Stans Energy is proud to have a gentleman with Jean-Paul’s Rare Earth pedigree join our Advisory Board. His decades of expertise in all facets of Rare Earth sourcing, extraction and production are invaluable to Stans Energy as we transition from development to production. Furthermore, his experience in evaluating the merits of potential of new Rare Earth deposits will play a large role in our success in acquiring new Heavy Rare Earth properties in the Former Soviet Union. With the addition of Jean-Paul to our advisory board, Stans Energy is proud to have assembled a world renowned team of experts who between them have over 100 years of direct Rare Earth Processing expertise. Moving forward, we believe that this advantage will result in increasing operational efficiencies, attracting world-class partners to Kutessay II and facilitating new acquisitions.”
As approved by the Board of Directors, Mr. Tognet will receive 200,000 incentive stock options at an exercise price of
.74 as of the market close on May 11, 2012 expiring on May 11, 2017 and another 100,000 stock options, with the similar terms, have been granted to an employee of the company.
These grants are subject to TSX approval.
Stans Energy will be hosting its Annual General Meeting on Wednesday July 11, 2012 at 1pm at: