Sanatana Announces Passing of Director Dr. Nicholas Archibald
13 Juin 2014 - 4:00PM
Marketwired
Sanatana Announces Passing of Director Dr. Nicholas Archibald
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 13, 2014) - It
is with profound sadness that directors of Sanatana Resources Inc.
(TSX-VENTURE:STA) announce the passing of their fellow board member
Dr. Nicholas Archibald. Dr. Archibald served as an independent
director from 2006 until his death this week.
Peter Miles, Sanatana's CEO stated: "We are deeply saddened by
Nick's passing. Nick's broad range of geological expertise and
business experience were invaluable in guiding Sanatana's
development. Together with the board of directors and management of
Sanatana, I extend my heartfelt condolences to Nick's family."
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 consisting of 46 mining claims totalling
approximately 19,006 acres and located within the townships of Yeo,
Chester, Neveille and Benneweis. 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. In addition to the Watershed Property,
Sanatana also has exploration property in Saskatchewan. 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 Officer604-408-6680 or Toll Free:
1-877-881-6680604-608-9500investor@sanatanaresources.comwww.sanatanaresources.com
Sanatana Resources (TSXV:STA)
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