Sanatana Approves Advance Notice Policy
Vancouver, British Columbia, Canada, July 7, 2023. Sanatana Resources Inc. (“Sanatana” or
the “Company”: TSX-V: STA) announces that the board of directors (the “Board”) of the Company
approved an advance notice policy (the “Advance Notice Policy”) on July 7, 2023. The Advance Notice
Policy includes, among other things, a provision that requires advance notice be given to the
Company in circumstances where nominations of persons for election to the Board are made by
shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to
the provisions of the Business Corporations Act (British Columbia) (the “Act”); or (ii) a
shareholder proposal made pursuant to the provisions of the Act.
Additionally, the Advance Notice Policy sets a deadline by which holders of record of common shares
of the Company must submit director nominations to the Company prior to any annual or special
meeting of shareholders, sets forth the information that a shareholder must include in the notice
to the Company, and establishes the form in which the shareholder must submit the notice for that
notice to be in proper written form.
In the case of an annual meeting of shareholders, notice to the Company must be made not less than
45 days nor more than 65 days prior to the date of the annual meeting. However, in the event that
the annual meeting is to be held on a date that is less than 50 days after the date on which the
first public announcement of the date of the annual meeting was made, notice may be made not later
than the close of business on the tenth day following such public announcement.
In the case of a special meeting of shareholders (which is not also an annual meeting) notice to
the Company must be made not later than the close of business on the 15th day following the day on
which the first public announcement of the date of the special meeting was made.
The Advance Notice Policy is in full force and effect as of the date it was approved. At the
Company’s 2023 annual general and special meeting of shareholders (the “Meeting”), which is
scheduled to be held on August 9, 2023, shareholders of the Company will, among other things, be
asked to approve an alteration to the Company’s articles to include the provisions of the Advance
Notice Policy (the “Alteration”). If the shareholders approve the Alteration then the Advance
Notice Policy will terminate following the termination of the Meeting and will be concurrently
superseded by the Alteration. If the shareholders do not approve the Alteration then the Advance
Notice Policy will terminate and be of no further force and effect following the termination of the
Meeting.
For purposes of the Meeting, in accordance with the terms of the Advance Notice Policy, the Board
has determined that notice of nominations of persons for election to the Board at the Meeting must
be made by August 7, 2023. Such notice must be in the form, and given in the manner, prescribed by
the Advance Notice Policy, to the Corporate Secretary of the Company, at the principal executive offices
of the Company at 1910 – 925 West Georgia Street, Vancouver, BC V6C 3L2.
The full text of the Advance Notice Policy is available under the Company’s profile on SEDAR at
www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
About the Company
Sanatana Resources Inc. is a mineral exploration and development company with an experienced
management team and board of directors. Sanatana is based in Vancouver and is listed on the TSX
Venture Exchange (TSX-V: STA).
SANATANA RESOURCES INC.
(signed) ”Peter Miles”
Peter Miles
Chief Executive Officer
For additional information on the Company, please contact Mr. Peter Miles, Chief Executive Officer
at (604) 408-6680 or email investor@sanatanaresources.com.
Cautionary Statement Regarding “Forward-Looking” Information
This news release includes “forward-looking statements” and “forward-looking information” within
the meaning of Canadian securities legislation. All statements included in this news release, other
than statements of historical fact, are forward-looking statements.
Forward-looking statements and information can be identified by the use of words such as “plans”,
“expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or
phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”,
“might” or “will” be taken, occur or be achieved. Forward-looking statements and information are
not historical facts and are subject to a number of risks and uncertainties beyond Sanatana's
control. Actual results and developments are likely to differ, and may differ materially, from
those expressed or implied by the forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on forward-looking
rtakes no obligation to update publicly or otherwise revise any forward-
looking statements, except as may be required by law.