|By Marketwired .||
|February 14, 2014 05:54 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/14/14 -- 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.
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