Stans Energy Corp. (TSXV:RUU) reports a private placement for $25 million.

The press release is quoted as saying:

The proceeds of the Private Placement will be used for a feasibility study on Kutessay II and Kalesay, purchase of the KCMP Rare Earth (RE) Processing Complex, refurbishment and upgrades to the KCMP RE Processing Complex, Aktyuz exploration and for working capital.

All of the Common Shares and Purchase Warrants issued pursuant to the Private Placement are subject to a four-month hold period. Completion of the Private Placement is subject to TSX Venture Exchange approval.

Click here to access the entire news release.

Click here to access Stans Energy’s company profile.