Thoughts...16 Jan 2008 14:29
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2008) - Sanatana Diamonds Inc. ("Sanatana" or the "Company") (TSX VENTURE:STA)(AIM:SAN) is pleased to announce that the subscription for common shares of the Company by an affiliate of Kennecott Canada Exploration Inc., as previously announced on December 21, 2007, has now been completed. The affiliate, QIT-Fer et Titane Inc., acquired 641,025 common shares at a price of C$1.56 per share. The shares may not be traded on or through the facilities of the TSX Venture Exchange or otherwise in Canada until May 16, 2008. There are 55,006,096 issued and outstanding common shares of Sanatana Diamonds Inc. following the issuance of the above shares.