Stans Energy Corp. Announces an Increase of the Previously Anounced Non Brokered Private Placement Offering Dated
TORONTO, ONTARIO, Nov 10 (MARKET WIRE) --
Stans Energy Corp. ("Stans" or the "Company") (TSX VENTURE: RUU)
Each unit would consist of one common share and one common share purchase
warrant (a "Warrant"). Each Warrant would entitle the holder to acquire
an additional common share of Stans at a price of $0.10 USD until the
earlier of (i) November 30, 2010; and (ii) thirty days after notice is
given to Warrant holders by Stans in the event that the common shares of
Stans trade at or above $0.15 CAD per share for a period of 20
consecutive days and at least four months have passed from the date of
closing of the subscription.
In the event a Canadian dollar is worth more than a US dollar at any
material time, the floor price for the issuance of units or the exercise
of any Warrants at that time shall be adjusted to be not less than $0.05
CAD and $0.10 CAD respectively.
The private placement financing is subject to regulatory approval and all
securities issued in connection with the private placement will be
subject to a four-month regulatory hold period.
Stans plans on using the proceeds from the financing to fund evaluation
and purchase of potential acquisitions, and for general working capital
purposes. There are no assurances that any such projects or opportunities
will be successful or any exploration or development rights secured or
exploited.
For further details on Stans Energy Corp., please visit the Company's
website at www.stansenergy.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Contacts:
Stans Energy Corp.
Robert Mackay
President and CEO
647.426.1865
Copyright 2009, Market Wire, All rights reserved.
-0-









