Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQB: HREEF)(‘Stans’ or the ‘Company’), announces that on September 2, 2015, the Company entered into an agreement to settle and fully resolve in an amicable fashion the claims of its former Chief Financial Officer Anna Kuranova. The costs of these proceedings and their settlement were insured, and do not detrimentally impact the Company’s Q3 2015 financial [...]
Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQB: HREEF)(‘Stans’ or ‘The Company’) announces that its current listing on the OTCQX will be changing to a listing on the OTCQB. Stans trading symbol will remain HREEF. Based on financial statements in the Annual report for period ending December 31, 2014 posted, on www.sedar.com, Stans Energy Corp. has fallen below the OTCQX International Continued [...]
Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’) announces that the Moscow Regional Arbitrazh court has denied Stans’ appeal of the Moscow City Arbitrazh Court decision setting aside the Company’s arbitration award. As reported on June 2, 2015, the Court set aside the US$118 million award of the Moscow Chamber of Commerce and Industry (the “MCCI”) on procedural grounds [...]
Stans Energy announces that an appeal date to the written ruling of the Moscow City Arbitrazh Court has been set. The appeal will be heard on July 20, 2015. As reported on June 2, 2015, the Court set aside the US$118 million award of the Moscow Chamber of Commerce and Industry on procedural grounds, not on the merits of the case. The Company continues to seek recognition and enforcement of the MCCI award before the [...]
Toronto, Ontario (FSCwire) - Stans Energy Corp. ("Stans" or the "Company") is pleased to announce that the Company has retained additional counsel for its various legal cases against the Kyrgyz Republic (the “Republic”). Stans has several parallel court actions underway seeking enforcement of an existing US$118 Million International Arbitration award from the Moscow Chamber of Commerce and Industry (the “MCCI”), an [...]
Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’) announces that the Ontario Divisional Court has set aside the Mareva Injunction obtained on October 10, 2014 (and continued on October 24, 2014) against the Kyrgyz Republic (the “Republic”) and Kyrgyzaltyn JSC (KJSC). Stans Energy intends to move for leave to appeal the Divisional Court’s order and a stay of the Divisional [...]
Toronto, Ontario (FSCwire) - Stans Energy Corp. ("Stans" or the "Company") is pleased to announce that it has entered into a litigation funding agreement with a subsidiary of the Calunius Litigation Risk Fund 2 LP (the "Funder"). Calunius Capital LLP, is the exclusive investment advisor to the Funder which specializes in funding commercial litigation and arbitration claims. Calunius Capital LLP is authorized and [...]
Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’) announces that it has filed an appeal to the ruling of the Moscow City Arbitrazh Court (the “Court”). The Court's decision was made from the bench on April 29, 2015, which was followed by written reasons on May 25, 2015. The Court set aside the Company’s US$118 million award from the Moscow Chamber of Commerce and [...]
Stans Energy announces that on May 15, 2015 an appeal hearing was held in Ontario Divisional Court where Kyrgyzaltyn was seeking to overturn the Ontario Superior Court of Justice's previous decision extending the Mareva Injunction. The Court has taken its decision under reserve. Stans will issue a press release once a decision is released by the Court. Furthermore, the Ontario Superior Court of Justice has set a new date [...]
Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’) announces that it has commenced a new arbitration proceeding against the Kyrgyz Republic (the “Republic”) under the UNCITRAL Rules. Stans alleges that the Republic unlawfully expropriated its Kutessay II mining licence. Stans continues to seek the recognition and enforcement of its US$118 million award from the [...]
Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF)(‘Stans’ or ‘The Company’) has granted, an aggregate of 3,650,000 incentive stock options to employees and directors of the company. These options are granted in place of options that expired on January 29, 2015. Each stock option entitles the holder to purchase one common share of the Company for $0.07 per share until May [...]
Toronto, Ontario (FSCwire) - Stans Energy Corp. (TSX-V: HRE, OTCQX: HREEF), (“Stans” or the “Company”) announces that an oral decision was made on April 29, 2015 in the Moscow City Arbitrazh Court (the “City Court”) in the Kyrgyz Republics’ case against the Company. The Company understands that the City Court ordered that the Moscow Chamber of Commerce and Industry’s decision in favour of Stans in its’ arbitration claim [...]