TORONTO, ON / ACCESSWIRE / July 9, 2019 / Stans Energy Corp. ("Stans" or the "Company") is pleased to provide the following updates:
Shares for Debt Settlement
The Company reports that COO, Boris Aryev, has been issued 150,000 shares at $0.05 per share to settle partial debt owed from salary arrears dating from April to June 2019. The Company also reports that CFO, Olga Stevens, has been issued 100,000 shares at $0.05 per share to settle partial debt owed from compensation arrears dating from May to June 2019. The Shares for Debt Settlement Agreements were approved by Stans Board of Directors on June 17th, 2019.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Stans Energy
Stans Energy Corp. is a resource development company focused on advancing rare and specialty metals properties and processing technologies. Stans is now transitioning into to become a supplier of materials and technologies that will assist in satisfying the future energy supply, storage and transmission needs of the world. Previously, the Company acquired, among other things, the right to mine the past producing rare earth mine, Kutessay II, in the Kyrgyz Republic. Due to the expropriation actions taken by the Government of the Kyrgyz Republic, the Company is undertaking international arbitration litigation to protect the Company’s rights and recover damages estimated at over US$210,000,000, caused by the Republic.
We seek safe harbour.
With everything thats happened since April things are looking very good