Ms. Jennifer Boyle reports
SATORI PLANNING FOR NEW PROJECTS
Over the ensuing eight-week period, Satori Resources Inc. expects to enter into a minimum of two mutually exclusive transactions as it relates, both directly and indirectly, to the medical marijuana sector, domestically and internationally.
Although the exact specifics of transactions are not concluded, the company is actively investigating the merits of various opportunities in the areas of research and development, consumer products, agri-mining, and growing operations. Time incurred comprises activities related to site visits, evaluation of water quality and access, power cost comparisons, and all other feasibility related undertakings.
Included in these evaluations is the continued assessment of a potential dual-purpose program at certain mine sites, which includes the Tartan Lake gold mine project in Flin Flon, Man., and consideration of the benefits offered by Manitoba Hydro's Power Smart program.
The company further announces the granting of 200,000 incentive stock options to two directors of the company and 400,000 incentive stock options to consultants, all of which are exercisable at six cents per share for five years.
There is no assurance that the company will conclude any new transaction; however, the process of evaluation involves detailed planning of a series of steps conducive to meeting all regulatory guidelines in the most efficient manner.
We seek Safe Harbor.
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