Quantcast

Satori Planning For New Projects - abc27 WHTM

Satori Planning For New Projects

Posted: Updated:

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.

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

SOURCE: Satori Resources Inc. 

ReleaseID: 414597

  • Most Popular StoriesMost Popular StoriesMore>>

  • Lemoyne woman and Monroe Township man arrested for criminal trespass

    Lemoyne woman and Monroe Township man arrested for criminal trespass

    Monday, September 1 2014 8:19 PM EDT2014-09-02 00:19:09 GMT
    Police in Cumberland County arrested a man and woman who were attempting to gain entry into the impound lot of GA Smith Towing on 43 S. Main Street in Lemoyne.According to West Shore Regional Police, officers arrived to find Laura F. Youngblood of Lemoyne, and Jeffrey S. Amos of Monroe Township inside the lot, and attempting to access Amos' vehicle which was towed for a DUI arrest earlier in the morning.Police say both Youngblood and Amos were arrested for Criminal Defiant Trespass and were t...More >>
    Police in Cumberland County arrested a man and woman who were attempting to gain entry into the impound lot of GA Smith Towing on 43 S. Main Street in Lemoyne.According to West Shore Regional Police, officers arrived to find Laura F. Youngblood of Lemoyne, and Jeffrey S. Amos of Monroe Township inside the lot, and attempting to access Amos' vehicle which was towed for a DUI arrest earlier in the morning.Police say both Youngblood and Amos were arrested for Criminal Defiant Trespass and were t...More >>
  • Garden Spot marching band performs with Fall Out Boy

    Garden Spot marching band performs with Fall Out Boy

    Monday, September 1 2014 5:33 PM EDT2014-09-01 21:33:13 GMT
    When we last left off, the Garden Spot Marching Band was waiting to see if the band Fall Out Boy would live up to their word. Back in July, the school board told the marching band they could not perform one of Fall Out Boy's songs because of the language in the lyrics.More >>
    When we last left off, the Garden Spot Marching Band was waiting to see if the band Fall Out Boy would live up to their word. Back in July, the school board told the marching band they could not perform one of Fall Out Boy's songs because of the language in the lyrics.
    More >>
  • Endless Shrimp® Returns to Red Lobster®

    Endless Shrimp® Returns to Red Lobster®

    Starting Monday, September 1st, Red Lobster's Endless Shrimp, the number one guest-requested promotion, is back for a limited time. This year, guests can satisfy their shrimp cravings through one of the most...More >>
    Starting Monday, September 1st, Red Lobster's Endless Shrimp, the number one guest-requested promotion, is back for a limited time. This year, guests can satisfy their shrimp cravings through one of the most...More >>
Powered by WorldNow