TORONTO, ONTARIO / ACCESSWIRE / April 21, 2014 – Satori Resources Inc. (TSXV:BUD) (“Satori” or the “Company”) announces that over the ensuing eight week period, the Company expects to enter into a minimum of two mutually exclusive transactions as it relates, both directly and indirectly, to the medical marijuana sector, domestically and internationally.
Although the exact specifics of transactions are not concluded, the Company is actively investigating the merits of various opportunities in the areas of research and development, consumer products, agri-mining, and growing operations. Time incurred is comprised of activities related to site visits, evaluation of water quality and access, power cost comparisons, and all other feasibility related undertakings.
Included in these evaluations is the continued assessment of a potential dual purpose program at certain mine sites, which includes the Tartan Lake Gold Mine project in Flin Flon, Manitoba and consideration of the benefits offered by Manitoba Hydro’s Power Smart Program.
The Company further announces the granting of 200,000 incentive stock options to two directors of the Company, and 400,000 incentive stock options to consultants, all of which are exercisable at $0.06 per share for five years.
There is no assurance that the Company will conclude any new transaction, however, the process of evaluation involves detailed planning of a series of steps conducive to meeting all regulatory guidelines in the most efficient manner.
ABOUT SATORI RESOURCES INC.
Satori is a Toronto-based mineral exploration and development company whose primary property is the Tartan Lake Gold Mine Project (100% interest), located in the prolific Flin Flon Greenstone Belt, Manitoba. The Company is currently considering transactions in respect of the Tartan Lake Gold Mine, in addition to evaluating new project opportunities, both within the mining sector and others.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jennifer Boyle, B.A., LL.B
President and Chief Executive Officer
Satori Resources Inc.
T: (647) 430.0966 C: (416) 904.2714
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Satori contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
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SOURCE: Satori Resources Inc.