Sanatana Announces Increase in FT Units for Private Placement of FT Units at $0.33 per FT Unit
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/06/12 -- Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE: STA) is pleased to announce that further to its news release of October 24, 2012, the non-brokered private placement (the "Private Placement") of flow-through units (the "FT Units") at $0.33 per FT Unit has been increased from up to 5,100,000 FT Units to up to 6,013,500 FT Units to raise gross proceeds of up to $1,984,455. The other terms of the Private Placement and the use of proceeds remain the same.
Closing of the Private Placement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.
About the Company
Sanatana Resources Inc. is a Canadian mineral exploration and development company focused on its Watershed property in Ontario. Sanatana entered into an option and joint venture agreement with Trelawney Augen Acquisition Corp. (formerly Augen Gold Corp.) ("TAAC") which grants Sanatana an option to acquire up to 51% of the Watershed property. On June 21, 2012 IAMGOLD Corporation completed its acquisition of Trelawney Mining and Exploration Inc. and became the sole indirect shareholders of TAAC. 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).
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: 06.11.2012 - 21:36 Uhr
Sprache: Deutsch
News-ID 200256
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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