TSX VENTURE COMPANIES
BULLETIN V2025-3095
GOLD STRIKE RESOURCES CORP. ("GSR")
[formerly Sanatana Resources Inc. ("STA")]
BULLETIN TYPE: Reverse Takeover Completed/New Symbol, Private Placement-Non-Brokered, Name Change
BULLETIN DATE: October 6, 2025
TSX Venture Tier 2 Company
Reverse Takeover:
TSX Venture Exchange has accepted for filing the Company's Reverse Takeover ("RTO") described in its Filing Statement dated September 23, 2025.
The RTO consists of the acquisition of the Gold Strike One Project and the Abitibi Property pursuant to a non-arm's length purchase agreement dated July 1, 2025 (the "Definitive Agreement"), for consideration consisting of an aggregate cash payment in the aggregate of $2,000,000 and the issuance of 24,745,620 Listed Shares at a deemed price of $0.60 per Listed Share.
The Definitive Agreement also provides that the Company will pay the following royalties:
* The Gold Strike One Project will be subject to a 2% net smelter return royalty. At any time prior to the
commencement of commercial production, the Company can reduce the Gold Strike One NSR from 2% to 1%, by paying the royalty holder 1,000 ounces of physical gold or US$2,000,000 (whichever is greater in monetary value). The Company will also pay an annual advance royalty payment in the amount of the greater monetary value of US$20,000 and seven ounces of gold.
* The Abitibi Property will be subject to a 3% net smelter returns royalty the Abitibi NSR. At any time prior to the commencement of commercial production, the Company can reduce the Abitibi NSR by 1% increments, from 3% to 1%, by paying the royalty holder 500 ounces of physical gold or US$1,000,000 (whichever is greater in monetary value) for each 1% reduction, provided that the Abitibi NSR does not fall below 1%.
The Definitive Agreement also provides for the payment of the following bonus payments, as applicable:
* In the event the Company, or any subsequent purchaser of the Gold Strike One Project, publicly announces a resource estimate on any portion of the project, prepared in accordance with NI 43-101, that estimates the presence of Gold Ounces, the Company or such purchaser, as applicable, shall deliver the greater monetary value of US$1,000,000 in immediately available funds or 500 ounces of physical gold, for every million gold ounces delineated by such resource estimate. Such bonus payment is due for each million-gold ounce delineated by such resource estimate and any additional resource estimate.
* In the event the Company, or any subsequent purchaser of the Abitibi Property, publicly announces a resource estimate on any portion of the project, prepared in accordance with NI 43-101, that estimates the presence of gold ounces, the Company or such purchaser, as applicable shall deliver the greater monetary value of US$1,000,000 in immediately available funds or 500 ounces of physical gold, for the first million gold ounces delineated by such resource estimate. Such bonus payment is due for only the first million gold ounce delineated by such resource estimate and not any additional resource estimate.
A total of 24,745,620 Listed Shares issued pursuant to the RTO are escrowed pursuant to an Exchange Escrow Agreement.
The Company is classified as an "All other metal ore mining" Issuer (NAICS Number: 212299).
For further information, please refer to the Company's Filing Statement dated September 23, 2025, available on SEDAR+.
Private Placement-Non-Brokered
Financing Type: Non-Brokered Private Placement
Gross Proceeds: $4,896,697.20
Offering: 8,161,162 Listed Shares with 4,080,578 warrants
Offering Price: $0.60 per Listed Share
Warrant Exercise Terms: $0.95 per Listed Share for a 3-year period, subject to an acceleration right.
Commissions in Securities:
Shares Warrants
Finders (Aggregate) 0 207,901
Commission Terms: Each non-transferable warrant is exercisable at $0.95 for a 1-year period.
Disclosure: Refer to the company's news releases dated July 3, 2025, July 22, 2025, September 23, 2025 and October 1, 2025.
Name Change
Pursuant to a resolution passed by directors on September 16, 2025, the Company has changed its name from Sanatana Resources Inc. to Gold Strike Resources Corp. There is no consolidation of capital.
Effective at the opening on Wednesday, October 8, 2025, the common shares of Gold Strike Resources Corp. will commence trading on TSX Venture Exchange and the common shares of Sanatana Resources Inc. will be delisted.
Post-Transactional
Capitalization: Unlimited number of common shares with no par value of which
67,355,777 common shares are issued and outstanding.
Escrow: 33,240,458 common shares, 271,428 stock options and 1,573,571 warrants, of which 3,624,715 common shares, 67,857 stock options and 349,143 warrants are released at the date of this bulletin
Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: GSR (NEW)
CUSIP Number: 38074C104 (NEW)
The Exchange has been advised that the above transactions have been completed.
Company Contact: Mr. Peter Miles, Chief Executive Officer and Director
Company Address: 1910 - 925 West Georgia Street, Vancouver, BC
V6C 3L2
Company Phone Number: (604) 608-9500
Company website: www.goldstrikeresources.ca
Company e-mail address: info@goldstrikeresources.ca
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