VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2012) - Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA) has granted incentive stock options to an employee of the Company to purchase up to 110,000 common shares of the Company at a price of $0.35 per share. The stock options are exercisable on or before June 26, 2017 and vest in stages with 25% to vest immediately and the remainder to vest 25% every six months from the date of the grant. The stock options are being granted pursuant to the terms of the Company's stock option plan and are subject to regulatory approval.
In addition to the stock option grant, the Company also announces that it has cancelled 1,400,000 stock options granted in 2007 and 2008. Following the grant and cancellation of options, the Company has 7,575,000 stock options outstanding.
About the Company
Sanatana Resources Inc. is a Canadian mineral exploration and development company focused on its Watershed property in Ontario. Sanatana has entered into an option and joint venture agreement with Trelawney Augen Acquisition Corp. (formerly Augen Gold Corp.) that grants Sanatana an option to acquire up to 51% of the Watershed property. 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