Sanatana Announces Increase in FT Units for Private Placement of FT Units at $0.33 per FT Unit
06 Novembro 2012 - 6:36PM
Marketwired Canada
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
FOR FURTHER INFORMATION PLEASE CONTACT:
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)
investor@sanatanaresources.com
www.sanatanaresources.com
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