Estimated Market Cap
64,305,219 as of Apr 4, 2008
Outstanding Shares
74,773,510 as of Oct 8, 2007
Authorized Shares
100,000,000 as of Sep 30, 2005
Number of Share Holders of Record
825 as of Oct 15, 2007
Float
55,000,000 as of Sep 30, 2005
Transfer Agent
Colonial Stock Transfer Co., Inc.,
66 Exchange Place
Salt Lake City, UT 84111
Company Notes
Formerly=AZCO Mining, Inc. until 9-07
Santa Fe Gold Corporation Raises $13.5 Million
December 21, 2007
Santa Fe Gold Corporation announced that it has entered into definitive agreements regarding the private placement of senior secured convertible debentures and common stock purchase warrants to a single investor for an aggregate purchase price of $13,500,000. The net proceeds will be used primarily for development of the Summit Silver-Gold Mine, located in New Mexico. The convertible debentures have a term of 60 months and bear interest of 7% per annum. Interest is accrued for 18 months and thereafter paid quarterly in arrears. At the option of the holder of the convertible debentures, the outstanding principal and accrued interest is convertible any time into Santa Fe Gold's common stock at a conversion price of $1.00 per share, and is automatically converted if the reported weighted average closing sales price of the stock exceeds $2.50 per share for 10 consecutive trading days. In connection with the transaction, the Company will issue one warrant for each $2.00 of principal amount of Debentures purchased, each warrant giving the debenture holder the right, from July 1, 2010 until December 31, 2014, to purchase one share of common stock at an exercise price of $1.00 per share.
Santa Fe Gold Corporation Raises $450,000 In Private Offering And Receives Commitment For Additional $3.5 Million
October 31, 2007
Santa Fe Gold Corporation announced that it has completed a private placement of senior subordinated convertible notes and common stock purchase warrants to three accredited investors for an aggregate purchase price of $450,000. It also has received a commitment from another investor for an additional $3.5 million under similar terms, with closing anticipated in approximately two months. At the option of the holders of the convertible notes, the outstanding principal and interest is convertible any time into Santa Fe Gold's common stock at a conversion price of $1.25 per share, and is automatically converted if the reported weighted average closing sales price of the stock exceeds $2.50 per share for 10 consecutive trading days. In connection with the transaction, the Company issued one warrant for each $2.50 invested, each warrant giving note holders the right to purchase one share of common stock at a price of $1.25 per share for a period of five years. The Company agreed to register the shares underlying the notes and warrants upon request, provided the reported weighted average closing sales price of the stock exceeds $1.50 per share for 10 consecutive trading days.
Azco Mining Inc. Announces Name Change
September 12, 2007
Azco Mining Inc. announced that it has changed its name to Santa Fe Gold Corporation.
Azco Mining Inc. Intends to Proceed with Production of Summit Silver-Gold Project
April 30, 2007
Azco Mining Inc. announced that it would proceed with production of its Summit silver-gold deposit, after receiving positive pre-feasibility study results. The planned mining rate at Summit is 120,000 tons of ore per year.
Azco Mining Inc. Raises Additional $1Million in Private Offering
September 7, 2006
Azco Mining Inc. announced that it has completed an additional private placement of senior secured convertible notes, additional investment rights and warrants to five institutional investors for an aggregate purchase price of $1 million. The $1 million convertible notes have a maturity date of January 1, 2008. Interest of 7% per annum and principal are to be amortized over 12 months beginning February 1, 2007. The Company may repay principal and accrued interest in cash or in shares of its common stock. At the option of the holders of the convertible notes, the principal amount outstanding is convertible into the Company's common stock at a conversion price of $1 per share. In connection with the transaction, the Company issued 500,000 warrants, giving note holders the right to purchase common stock at a price of $1 per share for a period of five years. The Company also granted the investors the right to purchase an additional $500,000 of convertible notes, under the same terms and conditions, for a period of 12 months following the date of a registration statement. The agreement also amended the terms of the previous $2.5 million investment. Under the amendment, the Company received deferred repayment terms of the convertible notes. The maturity date was extended from August 31, 2007 to January 1, 2008. Capitalized interest and principal are to be amortized over 12 months beginning February 1, 2007.
http://moneycentral.msn.com/news/tic...px?Symbol=SFEG
SFEG - Santa Fe Gold Corp. (OTCBB Stock)
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