Stans Energy Corp Announces $300,000 Non-Brokered Private Placement

Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQB: HREEF), ("Stans" or the "Company") announces a private placement offering for $300,000 on a best efforts basis. 

The Proposed Offering of Common Shares

The private placement financing has now been revised for a placement of up to $300,000 (the “Offering Amount”) consisting of up to 6,000,000 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 from the Offering to complete the funding of the Company’s due diligence on the Pervomayskiy Lithium Mineralization Stockpile and Zaibaikalsky Mill.  Proceeds will not be used to pay management fees, nor is it proposed to make payments to any related parties.

The Offering is open to all accredited investors and financial institutions, subject to certain limitations. Any existing shareholder interested in participating in the Offering should contact the Company in accordance with the contact information set forth below. The Company may pay registrants a cash commission of 5% of the gross proceeds of this Offering in respect of investors solicited or introduced by such registrants.  Registrants will also be entitled to receive warrants to purchase that number of common shares of the Company as equals 5% of the total offering subscribed by investors solicited or introduced by such registrants, at an exercise price of $0.06 per share, for a term of 60 months.

Closing of Previous Placement

As previously announced on December 9, 2016, Stans has closed a $302,500 tranche of an earlier placement announced September 13, 2016 and revised on October 4, 2016 and November 9, 2016. 

Tranche 1 consisted of 6,050,000 common shares for gross proceeds of $302,500.00 were issued in this placement.  Finders Fees of $2,000 were paid to Canaccord Genuity.  The Finders’ Fee represented 5% of the gross proceeds collected by Canaccord Genuity with an allotment for 40,000 finders warrants which represented 5% of the shares issued to Canaccord Genuity clients who participated in Placement.  The Finders’ Warrants are exercisable to acquire one common share of the Company at a price of $0.06 commencing on November 10, 2016 for a period of 60 months.

Combined Insider participation in the tranche totalled $55,000.  Stans intended use of the gross proceeds from the Offering is to fund the legal and technical due diligence for the Pervomayskiy Lithium Mineralization Stockpile (the “Stockpile”) and Zaibaikalsky Mill (the “Mill”) and associated infrastructure.

Tranche 2 of that financing has been cancelled and replaced with the new proposed financing described above.

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.

Closing of the Offering will be subject to certain closing conditions, including the approval of the Toronto Stock Exchange.

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 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.

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.

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