Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) reports that the Moscow City Arbitrazh Court (the “Court”) held hearings on March 10 relating to the Kyrgyz Republic’s (“the Republic”) appeal to set aside the Company’s US$118,000,000 Award of the International Arbitration Court of the Moscow Chamber of Commerce and Industry.
The Kyrgyz Republic’s original application to set aside the Company’s US$118,000,000 Award has already been dismissed once by the same Court. The Court recessed to April 16, 2015 to consider further arguments.
Contact Details
Rodney Irwin David Vinokurov
Stans Energy Corp Stan Energy Corp
Interim President & CEOVP Corporate Development
rodney@stansenergy.comdavid@stansenergy.com
647-426-1865 647-426-1865
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, use of proceeds from the Offering, the completion of the Offering, the continued advancement of the company's general business development, research development and the company's development of mineral exploration projects. When used in this press release, the words “will”, “shall”, "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Stans Energy Corp. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/StansMar112015.pdf
Source: Stans Energy Corp. (TSX Venture:HRE) www.stansenergy.com
Maximum News Dissemination by FSCwire. https://www.fscwire.com