VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb 26, 2013) - Santa Fe Metals Corp. (TSX VENTURE:SFM) - The Company is pleased to announce that it has completed the first tranche of a non-brokered private placement announced on February 6, 2013. The Company has issued 6,713,001 units at $0.06 per unit and 1,183,000 flow-through shares generating gross proceeds of $473,760.
Each unit consists of one common share and one warrant to purchase one additional common share at $0.12 each for a two year period expiring February 25, 2015.
Finder''s fees of $15,648 cash and 260,800 "B" warrants, exercisable into 260,800 common shares at a price of $0.12 per share for a two year period expiring February 25, 2015, were paid.
The shares are subject to a four month hold period expiring June 26, 2013.
Proceeds will be used to primarily for property exploration and general working capital.
We seek safe harbor.
SANTA FE METALS CORP.
IAN SMITH, President & CEO