Santa Fe Metals Completes First Tranche of Financing
08 4월 2014 - 7:14AM
Marketwired
Santa Fe Metals Completes First Tranche of Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 7, 2014) - Santa
Fe Metals Corporation (TSX-VENTURE:SFM) ("SFM" or the "Company")
announces that it has closed the first tranche of a non-brokered
private placement of 1,550,000 flow-through ("FT") units at a price
of $0.05 each for gross proceeds of $77,500 and 3,660,000 non
flow-through ("NFT") units at a price of $0.05 each for gross
proceeds of $183,000.
Each FT Unit is comprised of one flow-through common share and
one-half of a share purchase warrant. Each NFT unit is comprised of
one common share and one share purchase warrant. Each whole share
purchase warrant entitles the holder to purchase one common share
of the Company at the price of $0.10 for a period of two years from
the date of closing. Insiders purchased a total of 2,760,000 NFT
units. Finders' fees of 8% cash and share purchase warrants equal
to 8% of the number of securities placed were paid on a portion of
the private placement.
The Company intends to use the proceeds from the flow-through
common shares to incur Canadian exploration expenses as defined in
the Income Tax Act (Canada) to advance drilling and other
exploration activities on the Issuer's Sully project and to use the
remaining net proceeds of the private placement for general working
capital purposes.
The securities issued in connection with the private placement
are subject to a four month statutory hold period from closing.
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.
Santa Fe Metals CorporationScott E. Broughton, P.Eng.President
and CEO604.684.2900www.santafemetals.com
Santa Fe Metals Corporation (TSXV:SFM)
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