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Santa Fe Metals Corporation Signs Financing Transaction with GRIT

January 23, 2014

ENP Newswire - 23 January 2014 Release date- 22012014 - Santa Fe Metals Corporation (SFM: TSXv) announces that, subject to regulatory approval, it has entered into a share exchange agreement with Global Resources Investments Ltd , 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 GBP1.00 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. Contact: Scott E. Broughton President and CEO Santa Fe Metals Corporation Tel: 604.684.2900 www.santafemetals.com 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.


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Source: ENP Newswire


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