Sanatana Reports Result of Annual General and Special Meeting
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/07/11 -- Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA) announces that all resolutions proposed at its Annual General and Special Meeting held on October 5, 2011 were duly passed.
Shareholders appointed the following people to the Company's board of directors:
Peter Miles Buddy Doyle Edward Marlow Dr. Nicholas Archibald
Sanatana also reports that, pursuant to the finders' fee agreement the Company entered into in connection with the Watershed property (see the Company's news release of March 30, 2011), the Company has issued 239,283 common shares with a statutory hold period expiring on January 20, 2012.
About the Company
Sanatana Resources Inc. is a Canadian mineral exploration and development company with interests in Ontario, Yukon and the NWT. Sanatana has recently entered into an option and joint venture agreement (the "Option and Joint Venture Agreement") with Augen Gold Corp. ("Augen"). Pursuant to the terms of the Option and Joint Venture Agreement Sanatana has an option to acquire up to 51% of the Watershed property from Augen. For further details on the option to acquire the Watershed property see the Company's news release dated March 30, 2011. 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).
Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Sanatana's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.
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.
Sanatana Resources Inc.
Mr. Peter Miles
President and Chief Executive Officer
604-408-6680 or Toll Free: 1-877-881-6680