{"url":"https://newsforagent.com/news/2026-10-30/tana-resources-korajian-share-acquisition","markdown_url":"https://newsforagent.com/news/2026-10-30/tana-resources-korajian-share-acquisition.md","title":"Tana Resources CEO Vartan Korajian Raises Stake to 12.49%","headline":"Tana Resources CEO Vartan Korajian Acquires 2 Million Shares to Settle $100,000 in Fees","description":"Vartan Korajian acquired 2,000,000 Tana Resources shares at $0.05 to settle $100,000 in accrued management fees, lifting his ownership to 12.49%.","section":"Business","published_at":"2026-10-30T01:08:38+00:00","modified_at":"2026-10-30T01:08:38+00:00","author":"News Desk","key_takeaways":["Vartan Korajian acquired 2,000,000 Tana Resources common shares on October 29, 2026, at a deemed price of $0.05 per share.","The shares settled $100,000 in accrued management fees owed to Korajian under the company's debt settlement.","Korajian's ownership rose from 8.42% to 12.49% of Tana Resources' outstanding shares after the issuance."],"companies":[{"name":"Tana Resources Corp","is_primary":true,"profile_url":"https://akta.pro/company-profiles/00q1jvv/tana-resources-corp","website":"https://tanaresources.ca"}],"source":{"publisher":"TradingView","title":"Vartan Korajian Acquires Common Shares of Tana Resources Corp.","url":"https://www.tradingview.com/news/reuters.com,2026-10-30:newsml_TnwFm9nV:0-vartan-korajian-acquires-common-shares-of-tana-resources-corp/"},"other_sources":[],"tags":["Business","Tana Resources Corp"],"body_markdown":"Vartan Korajian acquired 2,000,000 common shares of [Tana Resources Corp](https://akta.pro/company-profiles/00q1jvv/tana-resources-corp). on October 29, 2026, at a deemed price of $0.05 per share, for total deemed consideration of $100,000, settling accrued management fees. [TradingView](https://www.tradingview.com/news/reuters.com,2026-10-30:newsml_TnwFm9nV:0-vartan-korajian-acquires-common-shares-of-tana-resources-corp/) published the early warning disclosure on October 30, 2026. Korajian is chief executive officer and a director of the company.\n\n## How the Tana Resources Debt Settlement Worked\n\nThe shares were issued from treasury in settlement of indebtedness owed to Korajian for accrued management fees under the issuer's debt settlement, which was completed on October 29, 2026. The shares were not acquired through the facilities of any marketplace.\n\nBefore the acquisition, Korajian owned 1,586,250 common shares, representing approximately 8.42% of the 18,850,000 issued and outstanding common shares. After the acquisition, he owns 3,586,250 common shares, representing approximately 12.49% of the 28,723,763 issued and outstanding common shares. Korajian does not own or control any securities convertible into common shares.\n\nThe filing states that the shares were acquired in settlement of debt and are held for investment purposes. Korajian may, depending on market and other conditions, increase or decrease his ownership of securities of the issuer, whether in the open market, by private agreement or otherwise. Other than as set out above, he has no present plans or future intentions that relate to or would result in any of the matters described in paragraphs (a) to (k) of Item 5 of Form 62-103F1.\n\nThe disclosure was issued under National Instrument 62-103, the Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which also requires a report to be filed with the applicable securities regulatory authorities. A copy of the Early Warning Report will be available on the issuer's profile on SEDAR+.\n\n## Tana Resources' Recent Financing and Project\n\nTana Resources is a pre-revenue Canadian mining exploration company listed on the CSE under ticker TANA, focused on acquiring and advancing early-stage gold and copper exploration projects in British Columbia, according to akta.pro [company records](https://akta.pro/company-data). The same records show the company closed a non-brokered private placement in April 2026 of 4,375,000 shares at $0.04 for gross proceeds of $175,000 CAD to fund general working capital.\n\nIn June 2025, Tana entered an option agreement with Eagle Plains Resources to earn up to a 75% interest in the 7,406.63-hectare Mount Polley West copper-gold project in British Columbia's Cariboo region, through $250,000 cash, 2,750,000 shares and $3 million in exploration expenditures over four years. The company changed its auditor from Baker Tilly WM LLP to Dale Matheson Carr-Hilton LaBonte LLP effective January 21, 2026.\n\n## What Follows the Early Warning Filing\n\nA copy of the Early Warning Report will be available on the issuer's profile on SEDAR+ at www.sedarplus.ca, and copies can be obtained by contacting Korajian.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}