SANATANA RESOURCES INC. ("STA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: January 11, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 21, 2022, and December 30, 2022:
Number of Shares: 5,500,000 Flow-through shares
Purchase Price: $0.10 per share
Warrants: 5,500,000 share purchase warrants to purchase 5,500,000 shares
Warrant Exercise Price: $0.15 for a two year period
Number of Placees: 5 placees
Insider / Pro Group Participation:
Placees # of Placee (s) Aggregate # of Shares
Aggregate Existing Insider Involvement: 1 500,000
Aggregate Pro Group Involvement: 1 500,000
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Warrants
Finder's Fee: $41,000 N/A 410,000 Warrants
Finder's Warrants Terms: Each warrant entitles the holder to purchase one common share at the price of $0.10 for period of 2 years from the date of issuance.
The Company issued a news release on December 30, 2022 confirming closing of the private placement. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.]
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