Sanatana Announces Grant of Options
14 Février 2014 - 11:53PM
Marketwired
Sanatana Announces Grant of Options
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 14, 2014) -
Sanatana Resources Inc. ("Sanatana" or the "Company")
(TSX-VENTURE:STA) has granted incentive stock options to certain
directors, officers, consultants and employees of the Company to
purchase up to 3,000,000 common shares in the capital of the
Company (the "Shares") pursuant to the Company's share option plan.
The options are exercisable on or before February 14, 2019 at an
exercise price of $0.10 per Share. The grant of options is subject
to TSX Venture Exchange approval.
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
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
Officer604-408-6680investor@sanatanaresources.comwww.sanatanaresources.com
Sanatana Resources (TSXV:STA)
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