Stans Energy - Inter-District Court of Bishkek Rules in Favour of the Kyrgyz Prosecutor’s Office
2014年3月22日 - 3:58AM
ビジネスワイヤ(英語)
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the
“Company”)has been informed that the Inter-District Court of
Bishkek (the “Court”) has ruled in favour of the Kyrgyz General
Prosecutor’s Office (“SPO”) with respect to its claim regarding
Stans’ wholly owned Kutessay II Project.
This administrative case was filed on March 26, 2013 against the
State Agency on Geology and Mineral Resources under the Government
of the Kyrgyz Republic (“SGA”) to annul the December 21, 2009
Minutes of Negotiations (registration No. 1736-H-09) between the
SGA and public company OAO Kutisay Mining (100% owned by the
Government of KR). Kutisay Mining LLC is involved in the case as a
third party. Stans reserves the right to appeal this verdict to the
Bishkek City Court within one month from the date of receipt of the
written decision.
The Company’s arbitration lawsuit is ongoing with the next
hearing scheduled for March 31, 2014. Management’s counsel believes
that this ruling strengthens Stans’ arbitration case at the Moscow
Chamber of Commerce.
The Company will update shareholders and the investment
community in due course once a written decision is provided by the
Court.
For background information on these proceedings, please refer to
Stans’ April 2, 2013 press release or its most recent Management’s
Discussion and Analysis, which is available on SEDAR
(www.sedar.com).
About Stans EnergyStans Energy Corp. is a resource
development company focused on progressing Heavy Rare Earth (HRE)
properties in areas of the Former Soviet Union. 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
historically from Kutessay II. 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.
Contact Details
Rodney Irwin David Vinokurov Stans Energy Corp Stans Energy
Corp Interim - President & CEO VP Corporate Development
647-426-1865
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.
Stans Energy Corp.Rodney Irwin, 647-426-1865Interim - President
& CEOorDavid Vinokurov, 647-426-1865VP Corporate
Development
Stans Energy (CE) (USOTC:HREEF)
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Stans Energy (CE) (USOTC:HREEF)
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から 1 2024 まで 1 2025