Sanatana Resources Inc. (TSXV:STA) has signed an asset purchase agreement to acquire Santoy Mountain property from Brian Fowler and Christian Carl for CAD 0.03 million on December 29, 2017. Under the terms of consideration, Sanatana will (i) pay an amount CAD 0.01 million in cash, (ii) issue 0.25 million common shares (which will be subject to a hold period of four months and a day from the date of issuance); and (iii) pay a net smelter royalty on metals of 2% upon the commencement of commercial production of Fowler and Carl, with an option to reduce the royalty to 1% for cash payments of CAD 1 million. The transaction is subject to the approval of TSX Venture Exchange. On April 12, 2018 Sanatana Resources received TSX Venture Exchange approval for purchase of Santoy Mountain property.