Total
0
Shares
Spearmint (CSE:SPMT) engages Stantec for resource estimate and technical report
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Sanatana (STA) appoints Tom Obradovich to the Board of Directors
  • Obradovich has extensive experience in mining exploration, development and financing 
  • Over a career of 38 years, highlights of Obradovich career include co-founding Canadian Royalties Inc. and upgrading the resource of Young-Davidson Mines
  • Sanatana has awarded Obradovich options to purchase up to 400 thousand common shares at $0.16 per share until April 29, 2025
  • Sanatana Resources Inc. is a mineral exploration and development company focused on high-impact properties in Canada and the Western Pacific
  • Sanatana Resources. (STA) is in the grey and is trading at C$0.13 at11:59 am ET

Sanatana Resources (STA) has appointed Tom Obradovich to the board of directors.

Obradovich has extensive experience in mining exploration, development and financing and he is a graduate of the Haileybury School of Mines in Mining Technology and Advanced Field Geophysics.

Peter Miles, Sanatana's CEO commented,

"We are delighted that Tom Obradovich has accepted a board position with Sanatana."

"Tom's background in mining exploration, development and financing will be an invaluable asset to Sanatana as we move forward with our portfolio of properties," added Miles.

Over a career of 38 years, highlights of Obradovich career include co-founding Canadian Royalties Inc. and upgrading and doubling the resource of Young-Davidson Mines which was acquired by Northgate Minerals in 2005.

Obradovich was one of the founders of Aurelian Resources Inc. which discovered the Fruta Del Norte gold deposit in Ecuador and Obradovich raised the initial capital to start U3O8 Corp. which is developing uranium deposits in Guyana.

Obradovich became President and CEO of Barkerville Gold Mines in January of 2015 and was part of the team that turned  Sanatana into a debt-free mining and exploration vehicle with a market capital in excess of $200 million and $60 million in treasury before resigning in July 2016.

He was appointed lead director of Dalradian Resources in 2011. Dalradian developed a multi-million-ounce gold deposit in Northern Ireland which was subsequently sold for $560 million to Orion Mine Finance.

More recently, Obradovich amalgamated a private exploration company with Conquest Resources Ltd. to explore for copper deposits in and around the Temagami Magnetic Anomaly. He is currently chairman of Sable Resources Ltd.

Sanatana has awarded Obradovich options to purchase up to 400 thousand common shares at $0.16 per share until April 29, 2025.

The options vest in stages with 25 per cent vesting immediately and the remainder vesting 25 per cent every six months from the date of the grant.

The stock options are being granted pursuant to the terms of the stock option plan and are subject to regulatory approval. Following the grant of options, Sanatana has 4,270,000 stock options outstanding.

Sanatana Resources Inc. is a mineral exploration and development company focused on high-impact properties in Canada and the Western Pacific.

Sanatana Resources. (STA) is in the grey and is trading at C$0.13 at11:59 am ET.

More From The Market Herald
Battery Mineral Resources - Cobalt bloom in calcite vein from Bald Rock - The Market Herald Canada

" Battery Mineral Resources (TSXV:BMR) announces encouraging drill results from Punitaqui

Battery Mineral Resources (BMR) has received more results from ongoing exploration at the Punitaqui mine complex.
CanAlaska Uranium (TSXV:CVV) raises over $1M in first placement tranche

" Appia Energy (CSE:API) commences airborne radiometric surveys

Appia Energy (API) has started the first of two radiometric surveys on its uranium properties in the Athabasca Basin in northern Saskatchewan.
Provenance Gold (CSE:PAU) reports drilling has begun at White Rock

" Provenance Gold (CSE:PAU) announces results of 800-meter drill hole at White Rock

Provenance Gold (PAU) announced that a major step-out drill hole at the White Rock property intersected 117 metres of gold mineralization.