Consideration of impairment necessarily follows. The necessary work to determine the scope and amount of impairment is underway but is not complete.The Company anticipates that it will be in a position to remedy the default by filing the Required Filings by January 28, 2014. The MCTO will be in effect until the Required Filings are filed. The Company confirms that it intends to satisfy the provisions of the alternative information guidelines set out in section 4.3 and 4.5 of NP12-203 so long as it remains in default of filing the required filings. There are no insolvency proceedings to which the Company is subject. There is no material information concerning the affairs of the Company which has not been generally disclosed. 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.
|Rodney Irwin||David Vinokurov|
|Stans Energy Corp||Stans Energy Corp|
|Interim - President & CEO||VP Corporate Development|
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