Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the
“Company”), reports on the following results from its Annual and General
Special Meeting:
Election of Directors:
The Nominees listed in the management
proxy circular for the 2014 AGSM were elected as directors of Stans
Energy Corp. Detailed Results of the votes by ballot for the election of
directors held at the AGSM are as follows:
Nominee
|
|
Votes For
|
|
% For
|
|
Votes Withheld
|
|
% Withheld
|
|
Rodney Irwin
|
|
23,457,372
|
|
98.57%
|
|
340,874
|
|
1.43%
|
|
Gordon Baker
|
|
21,182,588
|
|
89.01%
|
|
2,615,658
|
|
10.99%
|
|
Douglas Underhill
|
|
23,191,936
|
|
97.45%
|
|
606,308
|
|
2.55%
|
|
Boris Aryev
|
|
23,195,092
|
|
97.47%
|
|
603,154
|
|
2.53%
|
|
Albert Grenke
|
|
23,189,592
|
|
97.44%
|
|
608,654
|
|
2.56%
|
|
Vadim Veshchezerov
|
|
23,163918
|
|
97.33%
|
|
634,328
|
|
2.67%
|
|
Appointment of Auditors
KPMG LLP, Chartered Accountants has
been appointed auditors of the corporation to hold office until the
close of the next annual general meeting of shareholders at such
remuneration as may be fixed by the directors and the directors are
hereby authorized to fix such remuneration. Results for the appointment
of auditors are as follows:
43,696,489 (98.05%) votes for and 870,084 (1.95%) votes withheld
Stock Option Plan
The Stans Energy Corp. 10% rolling Stock
Option Plan has been approved by the shareholders. Results as follows:
22,919,581 (96.31%) votes for and 878,665 (3.69%) votes against
Resolution Confirming By-law Amendment
The confirmation of
the amended form of the General By-law of the corporation passed by the
Board of Directors and disclosed in Schedule “D” to the Management
Information Circular was passed. Results as follows:
22,954,733 (96.49%) votes for and 834,511 (3.51%) votes against
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news release.
About Stans Energy
Stans Energy Corp. is a resource development company focused on
advancing Heavy Rare Earth (HRE) properties in areas of Central Asia and
Russia. In December 2009, Stans acquired a 20-year mining license for
the past-producing Kutessay II rare earth mine from the Kyrgyz Republic.
On May 26, 2011 Stans completed the purchase of the Kashka Rare Earth
Processing Plant (KRP) the same plant that previously refined REEs from
Kutessay II ores. The KRP was the only hard rock plant to produce all
rare earth elements outside of China, producing 120 different metals,
alloys, and oxides. For over 30 years, Kutessay II produced 80% of the
rare earth metals for the Former Soviet Union.
We seek safe harbour.
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.
Copyright Business Wire 2014