THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, April 27, 2018 — Sanatana Resources Inc. (“Sanatana” or the “Company“) (TSX-V:STA) is increasing the size of the private placement announced in its April 19, 2018 news release. The Company now plans to undertake a non-brokered private placement of up to 12,000,000 flow-through shares (the “FT Shares“) at $0.05 per FT Share for gross proceeds of up to $600,000 (the “Offering“). Each FT Share of the Company will be a “flow-through share” within the meaning of the Income Tax Act (Canada) (a “FT Share“). In connection with the Offering, the Company may pay finder's fees to certain arm's length parties in accordance with the rules of the TSX-V in consideration for their efforts in introducing subscribers to the Company.
Closing is subject to a number of prescribed conditions, including, without limitations, approval of the TSX-V. The securities to be issued under the Offering will be offered by way of private placement in the provinces of British Columbia, Alberta and Ontario and such other provinces or territories of Canada as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the Offering will be subject to a four-month hold period which will expire four months and one day from the date of closing of the Offering.The proceeds from the Offering will be used for exploration on the Company's Jackfish Property. For details on the Company's Jackfish Property and the terms governing the option earn-in, see Sanatana's news release dated February 7, 2017.About the CompanySanatana Resources Inc. is a mineral exploration and development company that has optioned the Jackfish gold property in northwestern Ontario. 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-V:STA).SANATANA RESOURCES INC.Cautionary Statement Regarding “Forward-Looking” InformationFor additional information on the Company, please contact:
Mr. Peter Miles, President and Chief Executive Officer at (604) 408-6680 or email .
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