M&A / Property
Early Warning News Release

STA · Price
Executive Summary
- LIRECA Resources Corp. (“Acquiror”) filed an early warning report after acquiring an additional 24,745,620 common shares of Sanatana Resources Inc. (“Issuer”), bringing its total ownership to approximately 46.5% of the Issuer’s outstanding common shares on a non‑diluted basis.
- The acquisition was made in exchange for quartz claims in Yukon under a purchase agreement dated July 1 2025, and coincided with a private placement by the Issuer.
- The Acquiror now holds a contractual right to nominate one director to the Issuer’s board but has not yet exercised that right; no immediate intention to further increase or decrease its stake was disclosed.
Key Details
- Consideration Shares Acquired: 24,745,620 common shares of Sanatana Resources Inc.
- Total Ownership Post‑Acquisition:
- 31,235,999 Common Shares + 295,000 Warrants = ~46.53% non‑diluted, ~46.76% partially‑diluted of Issuer’s outstanding securities.
- Pre‑Acquisition Holdings: 6,490,379 common shares and 295,000 warrants (~18.84% non‑diluted).
- Transaction Structure: Share acquisition in exchange for the Acquiror’s right, title, and interest in certain quartz claims located in Yukon (Purchase Agreement dated July 1 2025).
- Concurrent Private Placement: Conducted by the Issuer as part of the transaction; details not disclosed in this release.
- Board Nomination Right: The Acquiror has a contractual right to nominate one director to the Issuer’s board but has not exercised it as of the filing date.
- Future Intentions: No current plans to increase or decrease ownership; may acquire or dispose of securities in the open market depending on market conditions and business prospects.
- Regulatory Filing: Early Warning Report filed under Canadian National Instrument 62‑103/62‑104 (Take‑Over Bids and Early Warning System).
Notable Quotes
(No executive quotes were included in the release.)
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Oct 07, 2025 · 08:30