Stans Energy Reports on Kyrgyz Court Action

 Stans Energy Corp. (TSXV:HRE) announced that the Kyrgyz State Prosecutor’s Office has begun legal proceedings against the Kyrgyz State Geological and Mineral Resources Agency.

As quoted in the press release:

The State Prosecutor’s Office has put forward an application to lift the three‐year statute of limitations to allow them to present to the court their claim of request to nullify the minutes of the December 21, 2009 meeting between the SGA and Open Stock Company (OSC) ‘Kutessai Mining’ which granted OSC
‘Kutessai Mining’ mining licenses for the Kutessay II and Kalesay deposits.

Stans Energy, President and CEO, Robert Mackay, commented:

We have every piece of paperwork filed since we began our business ventures in Kyrgyzstan and there is no doubt in my mind that our legal team will thwart this attempt on our licenses, just as they have successfully done in the past. Our lawyers have always been meticulous in ensuring that all of Stans Energy’s business dealings within Kyrgyzstan have adhered to the laws of the country, and this commitment will never change as we work towards bringing the Kutessay II Heavy Rare Earth mine back into production.

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