Santa Fe Metals Corporation Signs Financing Transaction With GRIT
21 Enero 2014 - 4:13PM
Marketwired
Santa Fe Metals Corporation Signs Financing Transaction With GRIT
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 21, 2014) -
Santa Fe Metals Corporation (TSX-VENTURE:SFM) ("SFM" or the
"Company") announces that, subject to regulatory approval, it has
entered into a share exchange agreement with Global Resources
Investments Ltd ("GRIL"), an arm's length party to the Company.
GRIL has been established to exploit investment opportunities in
the junior mining and natural resources sectors worldwide, with an
investment objective to generate medium and long-term capital
growth.
It is anticipated that GRIL will re-register as a public company
and be constituted as an investment trust with the name Global
Resources Investment Trust Plc ("GRIT") and seek admission of its
ordinary shares on the main market for listed securities on the
London Stock Exchange.
Pursuant to the share exchange agreement, SFM will subscribe for
179,920 GRIT shares at a deemed value of £1.00 per GRIT share in
exchange for the issuance of 5,400,000 shares in SFM at a price of
$0.06 per SFM share, representing approximately 17% of SFM's issued
and outstanding share capital. A finders' fee of 432,000 shares (or
$25,920 at a price of $0.06) will be paid on closing to an
arm's-length party. All securities issued by SFM in connection
herewith will have a statutory four month hold period.
The TSX Venture Exchange has in no way passed upon the
merits of the proposed transactions and has neither approved nor
disapproved the contents of this news release.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
Scott E. Broughton, P.Eng., President and CEO
This news release includes forward-looking statements that
are subject to risks and uncertainties. All statements within,
other than statements of historical fact, are to be considered
forward looking. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
There can be no assurances that such statements will prove accurate
and, therefore, readers are advised to rely on their own evaluation
of such uncertainties. We do not assume any obligation to update
any forward-looking statements.
Santa Fe Metals Corp.Scott E. Broughton, P.Eng.President and
CEO604.684.2900www.santafemetals.com
Santa Fe Metals Corporation (TSXV:SFM)
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