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Stans Energy Corp. held its Annual and General Special Meeting on January 6, 2022, where key decisions were made. All nominees for the Board of Directors were elected with over 97% approval. PKF Antares was appointed as auditors, garnering 97.77% of votes. A new 10% rolling Stock Option Plan was approved with 90.43% support. The meeting also saw the appointment of Boris Aryev as Interim President and CEO. Additionally, 1,120,000 shares were issued to settle debt owed to the former CFO. The company remains focused on advancing rare and specialty metals properties.
Stans Energy Corp. has signed a Memorandum of Cooperation with TradePromService LTD for potential acquisition of the Yakshinskoye potash deposit. This partnership aims to generate a NI 43-101 compliant mineral resource estimate, conduct pilot production testing, and develop a bankable feasibility study. The deposit holds an estimated 189 million tonnes of Sylvinite at 23.9% KCl and 935 million tonnes of Carnallitite at 13.9% KCl. Additionally, the COO will receive 1.4 million shares at $0.05 each to settle debts from salary arrears.
Stans Energy Corp. (TSXV:HRE)(OTC PINK:HREEF) announced the reinstatement of its securities trading effective September 28, 2021, after a decision by the TSX-V. An Annual General Meeting will be held on December 7, 2021, following the company's undertaking with the OSC. Stans is focused on advancing rare and specialty metals properties and has won over US$24,000,000 in damages through international arbitration due to expropriation actions in the Kyrgyz Republic. These damages will be collected through assigned Litigation Funders.
Stans Energy Corp. (HRE) has filed amended interim financial statements for the three and six months ended June 30, 2020, and the three and nine months ended September 30, 2020. This action follows a request from the Ontario Securities Commission (OSC) due to discrepancies in the company's previous disclosures. The corrections involved reclassifying Other Revenue to Other Income and updating related management discussion. As a result of these filings, the company will be listed publicly for Refilings and Errors under OSC Staff Notice 51-711.
Stans Energy Corp. (TSXV:HRE, OTC PINK:HREEF) announced that Olga Stevens, Chief Financial Officer, will resign on May 5, 2021. The company expressed gratitude for her leadership over five years, particularly during legal challenges. Boris Aryev will serve as Interim CFO until a successor is appointed. Stans Energy is focused on advancing rare metals properties, having previously won over US$24 million in damages from a legal dispute regarding their rights to the Kutessay II mine in the Kyrgyz Republic.
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