Northwire Canada EditionWednesday, August 5, 2026
Northwire
LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7% LTH 0.470 −7.8% APN 0.020 +0.0% ARTG 35.10 +4.3% STND 0.075 −11.8% AAZ 0.040 +14.3% LIFT 3.33 +0.6% LIB 0.810 +1.2% PEMC 0.050 +11.1% ELE 23.49 +7.5% AMCO 0.210 +2.4% TGOL 0.115 +9.5% SSRM 37.45 +4.5% SALT 1.51 +9.4% MON 0.650 +12.1% AZS 0.610 +28.4% NIO 0.140 +7.7%
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.)

Read the original news release →

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