Santa Fe Gold announced Friday that it will be offering up to 12.5 million units for sale to current stockholders. Each unit will be comprised of one share of common stock, as well as a warrant for the purchase of an additional share of common stock having an exercise price of $0.60 per share. The exercisable period of the warrants is three years beginning immediately. Although the warrants and shares of common stock will be purchased together in the offering, they will be issued separately.
The offering will open as of the date of the supplemental prospectus and expire on July 25, 2012, with Santa Fe reserving the right to terminate it earlier or extend it. Santa Fe's directors and officer will not be collecting any commission on the offering, however they will be conducting it. Earnings from the offering will be applied as working capital and towards general corporate expenses. Santa Fe will be honoring subscriptions on a "first come, first served" basis.
The securities described above are being offered by Santa Fe Gold pursuant to a shelf registration statement on Form S-3, together with a base prospectus, previously filed and declared effective by the Securities and Exchange Commission (SEC) and a prospectus supplement. The securities may be offered only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement. A prospectus supplement related to the offering was filed with the SEC on July 5, 2012.
When available, stockholders may obtain copies of the final prospectus supplement and accompanying base prospectus relating to this offering at the Securities and Exchange Commission web site at www.sec.gov, or from Santa Fe Gold Corporation, 1128 Pennsylvania NE, Suite 200, Albuquerque, New Mexico 87110 or via telephone at 505-255-4852.
For further information, please visit santafegoldcorp.com
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