Stans Energy Announces Private Placement with Australian Rare Earth Fund
Oct. 15, 2010 (Filing Services Canada) -- Stans Energy Corp. (RUU - TSX Venture), is pleased to announce a solely subscribed private placement with 'Rare Capital Fund' for 3,000,000 common shares at a price of $0.50 CDN, for the gross proceeds of $1,500,000. No warrants or fees apply. Closing is subject to exchange approval.
About Rare Capital Fund:
Rare Capital Fund is a newly formed Australian investment fund with a specialist focus on Rare Earth Elements and minor metals. The following excerpt was taken from Rare Capital's Information Memorandum: "The objective of the fund is to invest in small, medium and large listed stocks that have the greatest potential to capitalize on unique, rare earth projects around the world. The Fund seeks to achieve its objective by consistently investing in companies they consider to be exceptional, that are either exploring, or near the mine-producing growth stage."
Robert Mackay, Stans' President and CEO, said, "We are pleased that Rare Capital's extensive due diligence has resulted in an initial investment in Stans Energy. We look forward to building a long, mutually beneficial relationship with the Fund's representatives and its investors."
For more information on Stans Energy, please visit www.stansenergy.com or contact:
Robert Mackay, President and CEO, Stans Energy Corp Ph. 647 426 1865 Email: [email protected]
Jonathan Buick, Investor Relations, The Buick Group Ph. 416 915 0915 Email: [email protected]