Sanatana Completes First Year Option Payment on Watershed Property
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/13/12 -- Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE: STA) has made the first year option payment to Trelawney Augen Acquisition Corp. in connection with the option and joint venture agreement on the Watershed Property. The option payment consisted of (i) the issuance of 1,500,000 common shares in the capital of Sanatana (the "Common Shares") and (ii) completion by Sanatana of not less than $1,000,000 in exploration expenditures on the Watershed Property. The Common Shares have a hold period expiring on July 7, 2012, as required by applicable securities law.
About the Company
Sanatana Resources Inc. is a Canadian mineral exploration and development company with interests in Ontario, the Yukon and the NWT. Sanatana has entered into an option and joint venture agreement with Trelawney Augen Acquisition Corp. (formerly Augen Gold Corp.) that grants Sanatana an option to acquire up to 51% of the Watershed Property. With an experienced management team and board of directors, the Company has the ability required to identify, develop and fund economic mineral properties. Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSX VENTURE: STA).
The technical portions of this news release were reviewed and approved by Troy Gill, Exploration Manager for the Company, a "qualified person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
SANATANA RESOURCES INC.
Peter Miles, President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Sanatana Resources Inc.
Mr. Peter Miles
President and Chief Executive Officer
604-408-6680 or Toll Free: 1 877-881-6680
604-408-6682 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2012 - 21:20 Uhr
Sprache: Deutsch
News-ID 124485
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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