SADMF - Sanatana agrees to acquire Ontario gold exploration property

Sanatana Resources (OTCPK:SADMF) has entered into an agreement with Robert Laviolette and John der Weduwen arm's length parties to Sanatana, to acquire a 100% interest in the Enid property in the Timmins, Ontario region. The property comprises 41 mineral claims. The company will pay cash of $10K; 30K common shares in the capital of the company; and provide a 2% net smelter royalty. Sanatana to purchase 1% of the NSR for $350K and a further 0.5% of the NSR for $500K at any time. The shares to be issued pursuant to the deal will be subject to a hold period of four months and a day from the date of issuance.

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Sanatana agrees to acquire Ontario gold exploration property