Stans Energy Corporate Update
2014年8月11日 - 8:30PM
ビジネスワイヤ(英語)
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the
“Company”) announces that in light of recent developments within
Kyrgyzstan it has commenced an operational review to streamline
work functions in the Company’s local subsidiaries.
As part of the streamlining process certain responsibilities
within executive management at the Company’s subsidiaries will
change. Mr. Gennady Savchenko who is currently Director General of
Stans Energy KG and Kutisai Mining will now become Vice President
of Kyrgyz Operations and retain the title of Director General,
Stans Energy KG. Mr. Savchenko will continue to report to COO Boris
Aryev.
Mr. Uzak Sultanidinov has been chosen to fill the role of
Director General of Kutisai Mining. Mr. Sultanidinov is a former
assistant to a Deputy Prime Minister, and a former parliamentary
assistant. He has also served as an Expert in the Kyrgyz Financial
Market Control and Regulation Service, Department of Securities
Market Monitoring and Investor Rights Protection. Mr. Sultanidinov
is a graduate of the Kyrgyz National University majoring in
economics and production management.
These changes have been enacted to segregate the Company’s
subsidiaries along business functions. Furthermore a comprehensive
review is commencing to evaluate the required staffing levels in
each of the Company’s subsidiaries in light of persistent
obstruction of operations by Kyrgyz Authorities.
In comments made on August 8, 2014, Prime Minister J.Otorbaev
stated that “we have an arbitration ongoing in the Moscow
International Arbitration Court (the “Tribunal”) and that the
Kyrgyz Government does not recognize this court, and furthermore
that the Stans has not complied with its licencing
requirements.”
Certain factual inaccuracies in his comments are noted
below:
- As of the date of Prime Minister’s
interview there was no case ongoing at the Tribunal. The Tribunal
ruled on the April 30, 2014, and rendered a written decision on
June 30, 2014. According to Article 56 of the Arbitration Rules of
the Tribunal: “the award of the Tribunal shall enter into force on
the date of the ruling. The award of the Tribunal shall be
final and binding on the parties and is not subject to
appeal.”
- All Kyrgyz Government challenges of the
Tribunal jurisdiction to date have failed but they continue to
fight the ruling to the last possible venue.
- Stans has complied with all terms of
the Licensing Agreement #3. All reports and project documentation
were delivered to the State Geological Agency in a timely
manner.
- As part of the ongoing negotiations,
Stans’ initial proposal addressed to First Vice Premier T.Sarpashev
was responded to by low level officials with no decision making
powers.
These latest statements by Mr. Otorbaev clearly demonstrate the
hostile attitude of Kyrgyz Government toward the Company and its
lack of intention to seek an amicable solution at this time. While
members of the Kyrgyz government continue to wage a media campaign
to discredit the Company, Stans’ legal teams are working towards
finalizing submission documents for award enforcement and
collection.
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.
Stans Energy Corp.Rodney Irwin, 647-426-1865Interim - President
& CEOorDavid Vinokurov, 647-426-1865VP Corporate
Development
Stans Energy (CE) (USOTC:HREEF)
過去 株価チャート
から 12 2024 まで 1 2025
Stans Energy (CE) (USOTC:HREEF)
過去 株価チャート
から 1 2024 まで 1 2025