Santa Fe Metals Corporation Reaffirms Previously Announced Share Exchange Financing
27 Fevereiro 2014 - 6:50PM
Marketwired
Santa Fe Metals Corporation Reaffirms Previously Announced Share
Exchange Financing
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 27, 2014) -
Santa Fe Metals Corporation (TSX-VENTURE:SFM) ("SFM" or the
"Company") is pleased to announce that it is proceeding with its
previously announced financing arrangement by way of a share
exchange agreement (the "Agreement") with Global Resources
Investments Ltd. ("GRIL"), an arm's length party to the
Company.
As disclosed in the Company's news release of January 21, 2014,
GRIL was 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.
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, concurrently, it is seeking admission of its
ordinary shares on the main market for trading on the London Stock
Exchange.
The Company and GRIL have entered into the Agreement whereby the
Company will issue subscriber for 179,920 ordinary shares of GRIT
(each, a "GRIT Share") at a deemed value of £1.00 per GRIT Share in
exchange for the issuance of 5,400,000 common shares of the Company
(each, a "SFM Share") at a deemed price of $0.06 per SFM Share,
representing approximately 17% of SFM's issued and outstanding
share capital. A finder's fee of 432,000 shares of the Company (or
$25,920 at a deemed price of $0.06) will be paid on closing to an
arm's length party. All securities issued by the Company in
connection herewith will have a statutory four month hold
period.
Closing of the transaction is subject to a number of conditions
precedent, including the approval of the TSX Venture Exchange and
GRIT successfully listing on the London Stock Exchange.
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.
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 CorporationScott E. Broughton, P.Eng.President
and CEO604.684.2900www.santafemetals.com
Santa Fe Metals Corporation (TSXV:SFM)
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