Sanatana Resources closes $186K private placement

Vancouver (pcJ News Briefs) – Sanatana Resources Inc. (TSX-V: STA) has completed a second tranche of its non-brokered private placement, issuing 3,720,000 non-flow-through (NFT) units at $0.05 per NFT unit for gross proceeds of $186,000.

Each NFT unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional non-flow-through common share at a price of $0.10 per share on or before March 29, 2019, subject to acceleration.

Sanatana Resources owns Jackfish Property which is comprised of 34 mining claims covering 3,664 hectares in Ontario.

photo credit: Sanatana Resources