Sanatana Resources Inc. is seeking exemption from calling a shareholder meeting for its proposed acquisition of mineral properties and related transactions with LIRECA Resources Inc., supported by majority eligible shareholders.

Target Information

Sanatana Resources Inc. (the 'Filer') is a British Columbia-based company engaged in the exploration and development of mineral properties. The Filer's principal office is located at 1910 - 925 West Georgia St., Vancouver, British Columbia. It currently operates as a reporting issuer in multiple Canadian provinces, and it has 34,448,995 common shares outstanding, each carrying one vote at shareholder meetings.

The Filer has positioned itself on the TSX Venture Exchange under the symbol 'STA'. Recently, Sanatana entered into the Purchase Agreement for the acquisition of valuable mineral properties, namely the Gold Strike One Project in Yukon and the Abitibi Property in Quebec, from two vendors, LIRECA Resources Inc. and Florin Resources Inc.

Industry Overview

The mining industry in Canada holds significant importance, driven by abundant natural resources and active exploration and production activities. With a focus on precious metals, copper, and other minerals, Canada ranks among