Sanatana Resources Inc. announced a a non-brokered private placement of up to 5,000,000 flow-through units at an issue price for CAD 0.10 for the gross proceeds of CAD 500,000 on December 21, 2022. Each flow-through unit consists of one common share and and one share purchase warrant and will entitle the holder to purchase one non-flow-through share at a price of CAD 0.15 per Share for a period of 24 months from the date of closing of the transaction. In connection with the transaction, the Company may pay finder's fees to certain arm's length parties in accordance with the rules of the TSX-V in consideration for their efforts in introducing subscribers to the company.

Closing of the transaction is subject to a number of prescribed conditions, including, without limitations, approval of the TSX-V. All the securities issued in the transaction will be subject to a four-month hold period which will expire four months and one day from the date of closing of the transaction.