Stans Energy Corp V.HRE.H

News: 100K PP at 0.05 cents

[Stock20]

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.

[TrickyGame]

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

[Stansman]

Sounds like they need more money to fight a legal battle or the executives are getting tired of working for free....

[TrickyGame]

they aren't working for free they get paid in stock based compensation which is the industry standard because it forces the directors/ senior management to  make decisions and do things that make the company as much money as possible to increase the share price. It's been that way since the 80's IIRC. For example boris and albert own a combined 13+ million shares. If things go the

[Stansman]

Most companies pay a base salary along w stock options.  Due to the cash strapped position of the company they have not been receiving compensation other than stock options.  Stock options don’t pay the bills unless exercised.   Agree they might cash cash out one day but how long do you go without a steady check?   Or or perhaps the 200k is to start the mining project LOL

[TrickyGame]

There is a 0.146 cent USD 1 year PT on Stan's american shares on wallet investor if you scroll down to 52 week high/low forecast data the 52 week high forecast is 0.193 cents USD 0.146 cent USD is 0.20 cents CAD and 0.193 cent USD is 0.26 CAD. There was an article on seekingalpha i beileve from 2015 about Stan's when they had just filed with the PCA. The author was a certified CFA whose

[Stock20]

I hold good amount of SXE. Chairman is not taking any salary and he owns 15% float and not selling any shares. He will be only paid in salary if company hits certain milestones. ""Ron is a geophysicist and previously was Executive/Managing director of start up ASX listed resource companies Arrow Energy and Bow Energy which were sold for a combined $5 billion in 2010 and 2011

[Stansman]

Welp looks like the placement was taken well.   Maybe Yixter can do technical analysis on this down move...

[TrickyGame]

Got a link for news about the PP? 

[TrickyGame]

There seems to be a drop before big news. It happened in April and may this year

[john2305]

Dropped on very small volume. probably someone needing cash.        JMO

[TrickyGame]

Boris sold an additional 300,000 shares @ 0.055. transaction date was june 22 filing date was today. I rememer one  PP where only Boris and Albert participated in it so again maybe he is selling some of his commons to get into the PP?  That's also not unheard of in the stock market.