Sanatana Acquires Property Near Green Lake, Saskatchewan
14 Fevereiro 2014 - 4:14PM
Marketwired
Sanatana Acquires Property Near Green Lake, Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 14, 2014) -
Sanatana Resources Inc. ("Sanatana" or the "Company")
(TSX-VENTURE:STA) announces that the Company has acquired a 100%
interest in four mineral claims covering a combined area of
approximately 6,000 Ha near Green Lake, Saskatchewan, Canada. The
dispositions were acquired using the online Mineral Administration
Registry System. The Company considers the properties to be
prospective for diamondiferous kimberlite exploration based on
review of publicly available airborne magnetic and ground
geochemical data.
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. As at November 28, 2012, Sanatana exercised
its first option and is the legal and beneficial owner of 50% of
the Watershed Property. Sanatana has until March 23, 2016, to
decide whether to exercise its right to acquire a further 1% in the
Watershed Property.
In June 2012 IAMGOLD Corporation completed its acquisition of
Trelawney Mining and Exploration Inc. and became the sole indirect
shareholders of TAAC. In 2013, Sanatana expanded the Watershed
Property by acquiring, for the sole benefit of Sanatana and TAAC, a
20% interest in three additional mining claims located in Yeo and
Chester Townships, Ontario. 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
Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this press release are
forward-looking statements and information within the meaning of
applicable securities laws. Forward-looking statements and
information can be identified by the use of words such as "plans",
"expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain
actions, events or results "may", "could", "should", "would",
"might" or "will" be taken, occur or be achieved. Forward-looking
statements and information are not historical facts and are subject
to a number of risks and uncertainties beyond Sanatana's control.
Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements,
except as may be required by law.
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.
Sanatana Resources Inc.Mr. Peter MilesPresident and Chief
Executive Officer604.408.6680 or Toll Free:
1.877.881.6680604.608.9500investor@sanatanaresources.comwww.sanatanaresources.com
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