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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 is transitioning into a supplier of materials and technologies that will assist in satisfying the future energy supply, storage and transmission needs of the world. Its subsidiaries include SevAmRus CJSC, Kutisay Mining LLC and Kashka REE Plant Ltd.


TSXV:HRE.H - Post by User

Bullboard Posts
Post by mrstockguyon Mar 06, 2015 6:23am
337 Views
Post# 23496406

Article

Article

Deputy Chairman of JSC "Kyrgyzaltyn": "The government has a good chance to win the court at the suit of Stans Energy Corp»

Bishkek, March 5 / Saltanat Abdraev - Kabar /. The government has a good chance to win the court at the suit of Stans Energy Corp. This agency "Kabar" Deputy Chairman of the Board of JSC "Kyrgyzaltyn" Kylychbek Shakira.

According to him, currently in Moscow with the participation of representatives of the Government of the Kyrgyz Republic are proceedings on the claim of Stans Energy Corp. "CIS Economic Court interpreted that wrong Stans Energy Corp has filed a lawsuit to the Arbitration Court of the Moscow Chamber of Commerce and the government has a good chance to win the process. This issue will be solved soon, "- said K. Shakirov.

Recall that the Supreme Court of Ontario (Canada) on October 14 seized 47 million shares of JSC "Kyrgyzaltyn" from 77.4 million in the Canadian company Centerra Gold Inc at the request of Stans Energy Corp. Thus Stans Energy has made the arrest of shares to force Kyrgyzstan to fulfill international award rendered by the Arbitration Court of the Moscow Chamber of Commerce, on payment of 118.2 million dollars for the cancellation of the license to develop the field of rare earth metals Kutessay II.

Decision of the court "Kyrgyzaltyn" prohibited to sell, dispose of, exchange, assign and pledge these shares.


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