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| Home : Santa Fe Metals Announces Private Placement and Corporate Updates |
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Feb 06
2013 |
Santa Fe Metals Announces Private Placement and Corporate Updates |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 6, 2013) - Santa Fe Metals Corp. (the "Company") (TSX VENTURE:SFM) announces that it intends to privately place (the "Private Placement") 8,340,000 units of the Company ("Units") at a subscription price of $0.06 per Unit for gross proceeds of $500,400. Each Unit will consist of one post-Share Consolidation (as described below) common share of the Company (the "Post-Consolidation Shares") and one common share purchase warrant of the Company ("Warrants"). Each Warrant will entitle the holder thereof to purchase one Post-Consolidation Share ("Warrant Shares") at a price of $0.12 at any time prior to 5:00 p.m. (Vancouver time) on the date that is two years from the closing date of the Private Placement. The Company will have the right to shorten the exercise period of the Warrants to 30 days in the event that the closing price of the Post-Consolidation Shares on the TSX Venture Exchange (the "Exchange") exceeds $0.25 for 10 consecutive trading days. |
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| Source:http://www.marketwire.com/mw/release.do?id=1753756&sourceType=3 |
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