Sanatana Resources Inc.: Hearing Dates Set for Cote Gold Project Easement Dispute
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 16, 2014) - Sanatana Resources Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA) announces that the Ontario Mining and Lands Commissioner (the "MLC") has set down hearing dates for the Côté Gold Project easement dispute. The six day hearing is scheduled to be heard on November 10, 13, 14, 17, 20 and 21, 2014, in the MLC's courtroom located in Toronto, Ontario.
At the preliminary motion brought by Trelawney Mining and Exploration Inc. ("Trelawney"), the MLC denied Trelawney's request to examine for discovery a representative of Sanatana but granted Trelawney the right to file reply materials. Such materials are required to be filed on or before September 30, 2014. The MLC did not award costs to either party. For further details on the preliminary motion see Sanatana's news release dated September 4, 2014.
Peter Miles, Chief Executive Officer of Sanatana stated: "We are pleased that the hearing dates have been set down and that we now have a clear path with respect to resolution of the easement dispute before the Mining and Lands Commissioner."
About the Côté Gold Project Easement Dispute
Further details of the Côté Gold Project easement dispute are posted to Sanatana's website (www.sanatanaresources.com) under the section entitled "Easement Dispute".
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 consisting of 46 mining claims totalling approximately 19,006 acres and located within the townships of Yeo, Chester, Neveille and Benneweis. As at November 28, 2012, Sanatana exercised its first option and is the legal and beneficial owner of 50% of the Watershed Property. Sanatana has until March 23, 2016, to decide whether to exercise its right to acquire a further 1% in the Watershed Property.
In June 2012, IAMGold Corp. completed its acquisition of Trelawney Mining and Exploration Inc. and became the sole indirect shareholders of TAAC. In 2013, Sanatana expanded the Watershed Property by acquiring, for the sole benefit of Sanatana and TAAC, a 20% interest in three additional mining claims located in Yeo and Chester Townships, Ontario. In addition to the Watershed Property, Sanatana also has exploration property in Saskatchewan. 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.
Contact
Sanatana Resources Inc.
Mr. Peter Miles
President and Chief Executive Officer
604-408-6680 or Toll Free: 1-877-881-6680
604-408-6682
investor@sanatanaresources.com
www.sanatanaresources.com