Arbitration Court Upholds Jurisdiction for Stans Energy Claim
2014年4月1日 - 2:12AM
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 Arbitration Court at the
Moscow Chamber of Commerce and Industry (the “Court”), has upheld
its jurisdiction on the matter between Stans Energy Corp. and the
Government of Kyrgyzstan.
The Government of Kyrgyzstan had put forth a claim that the
Court had no jurisdiction in deciding the case brought against it
by the Company. The Court ruled that it did in fact have
jurisdiction over the matter and set the final hearings in the case
over two days; April 29-30, 2014.
BACKGROUND
On October 30, 2013, Stans Energy Corp. and its subsidiaries
filed a claim for arbitration under the Convention for the
Protection of Investor’s Rights to which Kyrgyzstan is a signatory.
The arbitration hearings are being heard in the Arbitration Court
at the Moscow Chamber of Commerce and Industry. The Company claims
that certain actions by agencies and/or representatives acting on
behalf of the Government of the Republic of Kyrgyzstan were aimed
to impede the Company from executing its responsibilities under its
licence and have created conditions for termination of the
operations of Kutisay Mining LLC, the Company’s wholly owned
subsidiary, amounting to expropriation.
The claim seeks $117,853,000 in compensation for losses and
damage.
About Stans Energy
Stans 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.
www.stansenergy.com
Stans Energy CorpRodney Irwin, 647-426-1865Interim - President
& CEOorDavid Vinokurov,647-426-1865VP Corporate
Developmentinfo@stansenergy.com
Stans Energy (CE) (USOTC:HREEF)
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Stans Energy (CE) (USOTC:HREEF)
過去 株価チャート
から 1 2024 まで 1 2025