Sanborn Resources, Ltd. (OTCPK:SANB) announced a private placement of 40,000,000 common shares at $0.00125 per share for gross proceeds of $50,000 to Wilfred Shaw on December 11, 2014. The company issued the securities pursuant to exemption provided under Regulation D.

On December 11, 2014, Sanborn Resources, Ltd. closed the transaction.