VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2012) - Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA) has issued a total of 439,287 common shares in the capital of the Company (the "Shares") to certain finders for the second and final tranches of finders' fees in connection with the option and joint venture agreement with Trelawney Augen Acquisition Corp. (formerly, Augen Gold Corp.) dated effective February 14, 2011 (the "Option and JV Agreement"). These Shares are issued at a deemed price of $0.21 per Share and are subject to a statutory hold period expiring on December 25, 2012. For more information related to the Option and JV Agreement, please refer to the Company's news release of February 16, 2011.
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
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.
Contact Information:
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