VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2012) - Sanatana Resources Inc. (TSX VENTURE:STA) ("Sanatana" or the "Company") has retained Assembly Stakeholder Relations Corp. ("Assembly") to provide investor relations services for the Company. Candice Williams and Nathan Sellyn are the principals of Assembly.
Assembly will provide investor relations and marketing services for the Company including, but not limited to, assistance with drafting and preparing investor relations presentations, strategic counsel to the Company's senior management, assistance with media relations and assistance with institutional and retail shareholders.
Assembly maintains its office in Vancouver, British Columbia. Assembly offers a broad range of shareholder relation services and maintains a website at: http://assemblysr.com.
The term of the agreement with Assembly is for one year and may be terminated on 90 days notice by either party. Upon mutual written agreement the parties may extend the term of the agreement. In consideration for the services provided, the Company has granted Assembly an option to purchase 500,000 common shares of the Company at $0.40 per share for a period of one year, subject to regulatory approval. The options will vest in stages with 25% of the options vesting immediately and 25% of the options vesting in each three-month period thereafter. Other than the 500,000 stock options, Assembly does not have any interest, directly or indirectly, in the Company, the Company's securities, or any right or intent to acquire such an interest. One of the principals of Assembly owns a non-reporting position in a fund that in turn owns less than 10% of Sanatana's common shares.
About the Company
Sanatana Resources Inc. is a Canadian mineral exploration and development company focused on its Watershed property in Ontario. Sanatana entered into an option and joint venture agreement with Trelawney Augen Acquisition Corp. (formerly Augen Gold Corp.) ("TAAC") which grants Sanatana an option to acquire up to 51% of the Watershed property. On June 21, 2012, IAMGOLD Corporation completed its acquisition of Trelawney Mining and Exploration Inc. and became the sole indirect shareholders of TAAC. 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).
SANATANA RESOURCES INC.
Peter Miles, President and Chief Executive Officer
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 "plans", "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.