Sanatana Resources Inc. Announces Closing of Second Tranche of Private Placement and Name Change (Now Gold Strike Resources Corp.)
Newsfile·2025-10-06 22:17

Core Points - Sanatana Resources Inc. has completed the second tranche of its non-brokered private placement, raising a total of $133,000.20 by issuing 221,667 units at a price of $0.60 per unit [1][2] - Each unit consists of one common share and one-half of a common share purchase warrant, with the offering conducted alongside the acquisition of the Gold Strike One Project in Yukon and the Abitibi Property in Quebec [1][3] - The company has changed its name to Gold Strike Resources Corp. and will trade under the new ticker symbol "GSR" effective October 8, 2025 [5] Financial Details - The company paid finder's fees totaling $2,310 in cash and issued 3,850 Finder's Warrants as part of the second tranche [2] - In total, the company has issued 207,901 Finder's Warrants and paid $124,741.47 in cash finder's fees during the offering [2] Regulatory Information - All securities issued in connection with the second tranche are subject to a statutory hold period of four months plus a day, expiring on February 4, 2026 [3] - The securities offered have not been registered under the United States Securities Act of 1933 and cannot be sold in the U.S. without proper registration or exemption [4]