Stans Energy Corp V.HRE.H

RE:News: 100K PP at 0.05 cents

[TrickyGame]

Stock20 wrote:

Stans Announces Non-Brokered Private Placement

TORONTO, ON / ACCESSWIRE / June 17, 2019 / Stans Energy Corp. (TSX-V: HRE, OTC: HREEF), ("Stans" or the "Company") announces a proposed non-brokered private placement offering (the "Offering") of up to C$100,000 of common shares in the capital of Stans Energy Corp. (the "Common Shares") to be sold on a best efforts basis.

The Offering is for up to $100,000 (the "Offering Amount") consisting of up to 2,000,000 units at a price of $0.05 per Unit. Each Unit will consist of one common share in the capital of the Company and one share purchase warrant (each whole warrant a "Warrant"). Each Warrant will be exercisable to acquire one additional common share of the Company for a period of 60 months at a price of $0.06 per common share.

Stans intends to use the gross proceeds for general corporate purposes.

This PP might have more interest now. They used to do PP @ 0.05 cents comon shares and 0.06 cents warrents when the stock was trading 0.025 to 0.04 cents on the market in that situation didn't really make sense to overpay on the commons to get the warrents @ 0.06. But since the market value of the commons are 0.06 now getting commons at 0.05 cents is pretty decent especially if it slowly goes hgher