Santoy Proposes $1 Million Private Placement Financing
Santoy Resources Ltd. (TSX Venture Exchange – SAN) proposes to raise up to $1 million as a non-brokered private
placement financing by the issuance of Units which will be sold at a price of $0.58 CDN. Each unit will be comprised of
one common share and one-half of one common share purchase warrant. Each full warrant will be exercisable into
one common share of the Company at an exercise price of $0.90 for a period of 2 years from the closing date. The
warrants will be subject to an accelerated expiry, wherein the expiry period of the warrants may be reduced, upon
notice to holders and at the election of the Company, if the closing price of the shares is equal to or greater than
$1.20 per share for 10 consecutive trading days. If this condition is met and the Company so elects, the exercise
period will be reduced to 25 business days from the date notice is provided by the Company to the warrant holders.
This financing is subject to regulatory approval and finders' fees may be paid to accredited agents on that portion of
the funds raised by third parties. The shares issued under this financing will be subject to a hold period of four months
plus one day from the date of closing of the offering. The funds will be applied to general working capital.
About Santoy Resources Ltd.
Santoy Resources Ltd. is a Canadian mining exploration company focused primarily on the energy sector. Emphasis is
being placed on uranium projects in British Columbia, Saskatchewan, Manitoba, Central Mineral Belt of Labrador, the
United States and Central America; and on coal and coal bed methane in Western Canada. A description of our
properties, including maps and photographs, can be viewed on the Company’s website at www.santoy.ca.
On Behalf of the Board of Directors
SANTOY RESOURCES LTD.
"Ron Netolitzky"
Ron Netolitzky, President
AI
