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Stans Energy Sign Cooperation Agreement with Finance Providers


Stans Energy Corp.





Monday, April 6, 2020 11:15 AM

TORONTO, ON / ACCESSWIRE / April 6, 2020 / Stans Energy Corp. (TSXV:HRE)(OTC:HREEF) (“Stans” or the “Company”) is pleased to announce that it has entered into a Cooperation agreement with its Finance Providers to secure financing for the Award recognition and enforcement proceedings. This Agreement is an extension of the existing Litigation funding agreement of March 2018, and its main terms provide for the following:

  • Stans assigns all its rights to title to and interest in the Award and the Costs Order (by the High Court of Justice of England) to the Finance Providers.
  • Parties to the Cooperation agreement will cooperate in all matters pertaining to recognition and enforcement proceedings relating to the Award and the Costs Order.
  • The Finance Providers bear full responsibility for all collection activities with respect to the Award
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