Sanatana Resources Inc. is pleased to announce that Mr. Buddy Doyle has been appointed President and Mr. Ian Smith has accepted an offer to become Chairman of the Board of the Company. Mr. Doyle and Mr. Smith bring Sanatana a wealth of relevant experience in geology and mining engineering. Mr. Peter Miles will remain CEO of the Company. Mr. Peter Miles, CEO, states "Buddy and Ian's extensive knowledge and experience [...]
Sanatana Resources Inc. is pleased to report that, after conducting a recent site visit to the Tirua Project, it has successfully completed all of the material prerequisites that are necessary to commence exploration including meetings with landholders, an environmental baseline study, setting up bank accounts and protocols for operating in the Solomon Islands. Mr. Peter Miles, President and CEO of Sanatana, states [...]
Sanatana Resources Inc. has, further to its news releases of February 7, 2019, closed tranche 1 of a non-brokered private placement of 34,493,500 units at $0.05 per Unit for gross proceeds of $1,724,675 . Each Unit consists of one common share in the capital of the Company and one non-transferable share purchase warrant . Each Warrant entitles the holder to purchase one additional common share at a price of $0.10 per [...]
Sanatana Resources Inc. is pleased announce that the Company is proceeding with a non-brokered private placement of up to 30,000,000 units at $0.05 per Unit for gross proceeds of up to $1,500,000. Each Unit will consist of one common share of the Company and one whole warrant. Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.10 per Warrant Share for a period of [...]
Sanatana Resources Inc. is pleased to announce that, further to the Company's news releases of October 24, 2018 and January 11, 2019, on January 31, 2019, the Minister of Mines, Energy and Rural Electrification granted Exsol Limited, Sanatana's wholly owned subsidiary, a Prospecting Licence for the Company's 282 square kilometre Tirua project in the Solomon Islands. Peter Miles, President and CEO, states "In the three [...]
Peter Miles, President and CEO of Sanatana Resources Inc. is pleased to welcome Ian Smith to the Company’s board of directors. Mr. Smith, FAusIMM, MCIM, is a mining engineering graduate of the University of Queensland, Australia, with 50 years’ experience in corporate, operations and project management and consulting within the international base and precious metals industries. He has a broad range of [...]
Sanatana Resources Inc. is pleased to report that after conducting a site visit to the Tirua Project in the Solomon Islands the Company has successfully negotiated a Surface Access Agreement with the local landowners. The SAA paves the way for Sanatana to be issued a Prospecting License over the entire Tirua Project, comprising some 264 square kilometres, and to begin exploration. Mr. Peter Miles President and CEO of [...]
Sanatana Resources Inc. is pleased to provide the details of the acquisition of the Tirua project to its shareholders. The Tirua project, hosted in the 15km wide Tirua volcanic caldera, is located on New Georgia Island, in the Western Province of the Solomon Islands, part of the South Pacific archipelago of volcanic islands around the Ring of Fire. This chain of islands is renowned for hosting large copper and gold [...]
British Columbia, June 07, 2018 -- Sanatana Resources Inc. has commenced drilling on its Jackfish property and, further to its news releases of April 19, April 27 and May 4, 2018, closed the second and last tranche of a non-brokered private placement consisting of 4,000,000 flow-through shares at $0.05 per FT Share for gross proceeds of $200,000 . Peter Miles, President and CEO, states "We are pleased to announce the [...]
British Columbia, May 04, 2018 -- Sanatana Resources Inc. has, further to its news releases of April 19 and April 27, 2018, closed a non-brokered private placement of 6,000,000 flow-through shares at $0.05 per Unit for gross proceeds of $300,000 . The proceeds from the Tranche 1 Closing will be used for exploration on the Company’s Jackfish Property. For details on the Company’s Jackfish Property and the terms [...]
British Columbia, April 27, 2018 -- Sanatana Resources Inc. is increasing the size of the private placement announced in its April 19, 2018 news release. The Company now plans to undertake a non-brokered private placement of up to 12,000,000 flow-through shares at $0.05 per FT Share for gross proceeds of up to $600,000 . Each FT Share of the Company will be a "flow-through share" within the meaning of the Income Tax Act [...]
British Columbia, April 19, 2018 -- Sanatana Resources Inc. is pleased to provide this exploration update to its shareholders and announce a private placement. Exploration Update: Sanatana's exploration team has been onsite at the Jackfish Property preparing for the upcoming drill program as mentioned in the Company's news release of March 15, 2018. The Company expects to commence drilling shortly as severe winter [...]