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Stans Energy Corp Grants Options

V.HRE.H

Stans Energy Corp Grants Options



Toronto, Ontario (FSCwire) - Stans Energy Corp (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’)  has granted, an aggregate of 3,650,000 incentive stock options to employees and directors of the company. These options are granted in place of options that expired on January 29, 2015. Each stock option entitles the holder to purchase one common share of the Company for $0.07 per share until May 11, 2020.  The share options shall vest, in six (6) equal installments over a period of 18 months with the first installment vesting on August 11, 2015 and the remaining Options vesting upon six (6) months, nine (9) months, and one (1) year, fifteen (15) months and eighteen (18) months after the date of grant.

 

Options in the following amounts were granted to:

 

Rodney Irwin:

 

500,000

Boris Aryev:

 

500,000

Gordon Baker:

 

500,000

Douglas Underhill:

 

500,000

Gennady Savchenko:

 

550,000

Albert Grenke:

 

200,000

Vadim Veshchezerov:

 

200,000

David Vinokurov:

 

200,000

Elena Masters:

 

50,000

Marina Provotorova:

 

50,000

Marat Fazullin:

 

350,000

Valery Kosynkin:

 

50,000

 

The option grant was approved by the board of directors on May 11, 2015 and is subject to regulatory approval.

 

Furthermore, the Board of Directors decided to cancel the following options with the consent of the option holder:

 

xpiry Date

 

Price

 

Number of Options

 

 

 

 

 

May 26, 2016

 

1.85

 

2,600,000

July 14, 2016

 

1.46

 

200,000

August 3, 2016

 

1.39

 

500,000

February 27, 2017

 

1.12

 

40,000

January 10, 2017

 

0.74

 

2,200,000

May 11, 2015

 

0.74

 

300,000

August 2, 2015

 

0.61

 

350,000

March 21, 2018

 

0.41

 

100,000

 

 

 

 

 

Total Options Cancelled:

 

 

 

6,290,000

 

Debt Settlement

 

As previously indicated on the April 14, 2015 in a Press Release by the Company, Boris Aryev was granted 425,000 shares to settle a debt for salary and expenses of $21,619.61.  However, according to TSX Policy, a maximum of $2500.00 of debt can be settled per month via share issue.  Thus, Mr. Aryev, will receive 200,000 shares to settle debts accumulated from February through May 2015, not 425,000 as indicated in that press release. 

 

About Stans Energy

 

Stans Energy Corp. is a resource development company focused on advancing rare earth and specialty metals properties in areas of Central Asia and Russia. Stans acquired the past producing rare earth mine, Kutessay II, in the Kyrgyz Republic in 2009.  Since that time the Government of the Republic of Kyrgyzstan took expropriatory actions against the Company’s interests in that country, Subsequently Stans Energy applied to international arbitration to resolve the conflict. On June 30, 2014, Stans Energy was awarded US$118 Million by the Arbitration Tribunal at the Moscow Chamber of Commerce and Industry.  On October 24, 2014, Stans Energy arrested 47 million shares of Centerra Gold (TSX: CG) as security in this matter.  This security allows the Company to pursue the recognition of its arbitral award against the Kyrgyz Republic in the Canadian court system. Stans is now seeking recognition by the Ontario Superior Court of Justice to collect US$ 118 Million worth of Centerra Gold shares

 

We seek safe harbour.

 

Contact Details

Rodney Irwin

Interim President & CEO

rodney@stansenergy.com

647-426-1865

 

David Vinokurov

VP Corporate Development

david@stansenergy.com

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/stans05122015.pdf

Source: Stans Energy Corp. (TSX Venture:HRE) www.stansenergy.com

 

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