Sanatana Resources Finalizes Private Placement

Sanatana Resources (TSE:STA) has released an update.

Sanatana Resources Inc. has successfully completed the second tranche of its private placement, raising $220,500 through the sale of flow-through and non-flow-through units for funding its Oweegee Dome Project exploration in British Columbia and covering general expenses. Each unit sold includes a share and a warrant, with the latter allowing the purchase of an additional share within 36 months. The company, which may issue additional units by June 30, 2024, also paid finders in compensation warrants as part of the private placement agreement.

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