Mr. Peter Miles reports
SANATANA CLOSES PRIVATE PLACEMENT
Sanatana Resources Inc. has, further to its news releases of Sept. 16 and Sept. 23, 2014, closed the non-brokered private placement of 2.5 million units at 12 cents per unit for gross proceeds of $300,000.
Each unit consists of one flow-through common share in the capital of the company and one-half of one share purchase warrant. Each warrant will entitle the holder to purchase one additional non-flow-through common share in the capital of the company at a price of 15 cents per warrant share on or before Oct. 1, 2016.
All securities issued in connection with the offering are subject to a statutory hold period expiring on Feb. 2, 2015, in accordance with applicable securities legislation.
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