Published: August 04, 2011
Stans Energy Announces Addition of VNIIHT Director Dr. Gennady Sarychev to Advisory Board
TORONTO - (BUSINESS WIRE) - Robert Mackay, President and CEO of Stans Energy Corp. (TSX-V: HRE, Pink
Sheets: HREEF), ("Stans" or the "Company" ) is pleased to announce the
addition of Dr. Gennady Sarychev to its Advisory Board as a Senior
Advisor.
Dr. Sarychev's current role as the Director of the Leading Research
Institute of Chemical Technology (VNIIHT) builds upon his extensive
background in Advanced Project Research Management in the following
roles:
-
Professor at the Moscow Engineering Physics Institute (MEPI),
-
Chief Specialist at the Department of Scientific Research and
Development for the Russian Ministry of Science
-
Director of the Department of Scientific Research Work for the State
Committee of the Russian Federation
-
Director of the International Technical Cooperation Section;
Department of Scientific Research Work of the Ministry of General and
Professional Education of the Russian Federation
-
Deputy Head of the Department of State Policy on Science, Innovations
and Intellectual Property
-
Department Head of Planning and Construction of Infrastructure Objects
of the Federal Agency for Management of Special Economic Zones of the
Ministry of Economic Development of Russia
In addition to the numerous prestigious positions Dr. Sarychev has held,
he has the following awards and achievements:
-
Medal "In honour of Moscow's 850-year anniversary"
-
Note of Acknowledgement from the Ministry of Education and Science of
the Russian Federation
-
Medal "65 years of Atomic Industry In Russia"
-
Certificate of Merit from the Ministry of Education of the Russian
Federation
-
Certificate of Merit from the Federal Agency for management of Special
Economic Zones
Stans CEO Robert Mackay comments, "The addition of Dr. Sarychev as a
Senior Advisor on Stans Energy's Advisory Board, further enhances Stans
research and development capabilities by adding direct experience at the
highest levels of scientific research and international cooperation,"
Stans is also pleased to announce that it has now started its operations
in Russia through its Russian based subsidiary "SevAmRus ZAO" under the
management of Mr. Alexander Nikitin. Please refer to the press release
dated July 21st for more details on Mr. Nikitin.
On August 3, 2011, Stans issued options to purchase 400,000 common
shares to the new advisor of the Company and 100,000 options to an
employee of the Company, with an exercise price of $1.39 CAD per share
and expiring August 3, 2016. These grants are subject to TSX Venture
Exchange approval.
Also, Stans has amended its March 31, 2011 interim financial statements
in order to correct its disclosure in reconciliation from Canadian GAAP
into IFRS its total comprehensive income for the three month period
ended March 31, 2010 and for the year ended December 31, 2010. The
previously reported results for the first quarter ended March 31, 2011
were not affected by this amendment.
About VNIIHT
The Leading R&D Institute of Chemical Technology (VNIIHT) was founded in
April 1951. VNIIHT's objective was to focus on the exploration and
development of technologies and raw materials for use in the Soviet
nuclear energy sector. VNIIHT technologies were, and continue to be
implemented during the main stages of nuclear fuel cycle. This includes
the processing of Uranium and Rare Metal Ores to the generation of
nuclear-pure materials. Stans Energy's feasibility studies (Q4 2011)
will be conducted under the guidance of VNIIHT. VNIIHT's sixty years of
chemical technology experience combined with their capabilities of
executing the complete cycle of rare earths research, development, and
production will give Stans Energy a significant advantage relative to
its competitors outside of China
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.
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.
Robert Mackay
President & CEO
robert@stansenergy.com
647-426-1865
or
David
Vinokurov
Manager, Investor Relations
david@stansenergy.com
647-426-1865
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