Stans Energy Corporate Update
Filing Services Canada XHTML - Mon Aug 11, 6:32AM CDT
Stans Energy Continues to Seek Enforcement of International Arbitration Ruling
Filing Services Canada - Tue Aug 05, 7:45AM CDT
Stans Energy Continues to Seek Enforcement of International Arbitration Ruling Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (Stans or the Company) has been informed that the Bishkek City Court (the Court) on July 30, 2014 has ruled in favour of the Kyrgyz General Prosecutors Office (GPO) 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 JSC Kutisay Mining (100% owned by the Government of KR). On March 19, 2014, the Inter-District Court of Bishkek found in favour of the GPO and ruled to annul the minutes of the meeting that resulted in the 20-year mining licences for Kutessay II and Kalesai deposits being acquired by Stans through auction in 2009. The Company has the right to appeal to the Kyrgyz Supreme Court to contest this ruling by the Court. The Company also has the option to seek compensation for costs incurred during the acquisition of the Kutessay and Kalesay deposits that were not included in the international arbitration claim filed by the Company at the Moscow Chamber of Commerce and Industry. In light of a recent proposal submitted by Stans on July 2, 2014 to the Government of the Kyrgyz Republic that provided a framework for the development of Kutessay II, it is disappointing that the Government continues to negotiate in bad faith. On July 9, 2014, as required by standard legal procedure, a voluntary payment request was sent to Prime Minister Otorbaev requesting $118 million, as awarded to the Company by the International Arbitration Court at the Moscow Chamber of Commerce and Industry. This ruling by the Bishkek City Court is evidently the Governments response to our proposal and voluntary payment request. In view of this action by the Government, our legal team is completing the required filings necessary to proceed with the collection process to secure the $118 million awarded by the Arbitration Court. stated Rodney Irwin, Interim President and CEO. English and Russian versions of the recent rulings in favour of the Company from both the International Arbitration Court at the Moscow Chamber of Commerce and Industry and the Moscow Arbitration Court are now available for review at www.stansenergy.com/investors (http://www.stansenergy.com/investors) 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. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...g52014.pdf Source: Stans Energy Corp. (TSX Venture:HRE) www.stansenergy.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
Stans Energy Annual Shareholder Meeting Announcement
Business Wire - Tue Jul 15, 10:55AM CDT
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), ("Stans Energy" or the "Company"
Stans Energy Requests Payment of Arbitration Award from Kyrgyz Government
Filing Services Canada - Mon Jul 14, 11:26AM CDT
Stans Energy Requests Payment of Arbitration Award from Kyrgyz Government Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (Stans or the Company) reports that it has sent a letter to Prime Minister Djoomart K. Otorbaev of the Kyrgyz Republic requesting payment of USD $118,206,056.80. According to Article 56 of the Arbitration Rules of the Arbitration Court at the Moscow Chamber of Commerce and Industry (the Tribunal); the award of the Tribunal shall enter into force on the date of making the award. The award of the Tribunal shall be final and binding on the parties and is not subject to appeal. Parties are under an obligation to voluntarily execute the award of the Tribunal. Therefore, the award of the Tribunal entered into force on June 30, 2014. This date shall be final and binding for execution by the Kyrgyz Republic. Should the Kyrgyz Republic not respond to the request for payment, the Company will begin seeking redress through other avenues. Background On October 30, 2013, Stans Energy Corp. and its subsidiaries filed a claim for arbitration under the Convention for the Protection of Investors Rights to which Kyrgyzstan is a signatory. The hearings were held in the Arbitration Court at the Moscow Chamber of Commerce and Industry. On June 30, 2014 the Company was awarded the full amount of the claim plus certain damages and costs. On July 1, 2014, a local Moscow Arbitration Court heard the application of the Kyrgyz Republic to not recognize the jurisdiction of the Tribunal in the matter brought against it by Stans Energy Corp. The Court ruled that the Tribunal did in fact have jurisdiction in the matter and dismissed the Kyrgyz claim in favour of Stans. The Economic Court of the Commonwealth of Independent States (the CIS) was requested by the Kyrgyz Republic to provide a ruling, on the interpretation of Article 11 of the Moscow Convention. The Economic Court has opted for an advisory opinion instead. As this is an advisory opinion only, it is not enforceable as a legal ruling even within the CIS. It is not binding on the Tribunal or the Courts outside the CIS. A hearing on this matter has been set for the end of September 2014. 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 Stans Energy Corp Interim - President & CEO 647-426-1865 David Vinokurov Stans Energy Corp VP Corporate Development 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: http://fscwire.com/sites/default/files/news_r...142014.pdf Source: Stans Energy Corp. (TSX Venture:HRE) www.stansenergy.com Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
Stans Energy Announces Appointment of New Director From Rusnano
Business Wire - Wed Jul 09, 9:32AM CDT
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), ("Stans" or the "Company"
IIROC Trade Resumption - Stans Energy Corp.
Newsfile Corp - Thu Jul 03, 7:16AM CDT
Trading resumes in:
Stans Energy Awarded $118 Million USD in International Arbitration Ruling
Filing Services Canada - Wed Jul 02, 4:50PM CDT
IIROC Trade Halt - Stans Energy Corp.
Newsfile Corp - Wed Jul 02, 12:50PM CDT
The following issues have been halted by IIROC:
Stans Energy Receives Approval for Kyzyluraan Licence
Filing Services Canada - Fri Jun 27, 1:23PM CDT
Arbitration Court Upholds Jurisdiction for Stans Energy Claim
Business Wire - Mon Mar 31, 12:12PM CDT
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), ("Stans" or the "Company"
Stans Energy - Inter-District Court of Bishkek Rules in Favour of the Kyrgyz Prosecutor's Office
Business Wire - Fri Mar 21, 1:58PM CDT
Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), ("Stans" or the "Company"