Stans Energy Corp. (TSXV:HRE) announced a private placement of 6,000,000 units at CAD 0.05 per unit for gross proceeds of CAD 3,000,000 on January 10, 2017. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire additional common share at CAD 0.06 per share for a period of 60 months. The transaction is subject to certain closing conditions, including the approval of the Toronto Stock Exchange. The company may pay registrants a cash commission of 5% of the gross proceeds and warrants equal to 5% of the total offering subscribed by investors introduced by such registrants, at an exercise price of CAD 0.06 per share, for a term of 60 months.