ALBUQUERQUE, New Mexico - April 23, 2012 - Santa Fe Gold Corporation (OTCBB: SFEG) announced with profound sadness the death of Lawrence G. Olson, Chairman of the Company. Mr. Olson was removed from life support yesterday after having been in a coma since collapsing April 16, 2012. Mr. Olson was 74 years old..
Mr. Olson became a director of Santa Fe Gold in 1999 and held the position of Chairman since 2000, and also formerly held the positions of President and Chief Executive Officer in 2000 - 2003. Mr. Olson owned and operated his own business, Olson Precast of Arizona Inc., since 1973. He was a well known entrepreneur in the Phoenix area and supported the start up of numerous business enterprises. A deeply religious man, he was dedicated to helping others less fortunate and contributed significantly to church sponsored organizations worldwide. Mr. Olson received a B.S. Degree in Civil Engineering from the University of Southern California.
Dr. Pierce Carson, CEO of Santa Fe Gold and a current director, has been named Chairman of the Board of Directors.
Dr. Carson commented, "On behalf of the Board of Directors and the employees of the Company, we extend our deepest sympathies to the Olson family. Larry was a good friend as well as a colleague. He was an inspirational leader and was committed totally to the success of Santa Fe Gold."
Dr. Carson added, "During the past few years, Larry and the Board have developed a strong management team to carry out growth plans for the Company. That executive team has guided the technical development, operations and financial management of the Company. Despite Larry's tragic loss, the Board is confident in our management team and its commitment to successfully take the Company forward."
The Board will begin searching for one or more additional Board members immediately and will make an announcement when new directors are selected.
To learn more about Santa Fe Gold, visit www.santafegoldcorp.com . |
ALBUQUERQUE, New Mexico - April 24, 2012 - Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to announce it has retained Torrey Hills Capital, Inc. ("Torrey Hills Capital"), located in Del Mar, California, to act as investor relations consultants to the Company.
Torrey Hills Capital is a leading investor and financial public relations firm specializing in small and micro-cap companies, primarily in the natural resource sector. Torrey Hills Capital will increase awareness about Santa Fe Gold through its established relationships with investment professionals, investment advisors, and money managers focused on the microcap market space. This will allow the Company to build and maintain an informed investor audience in the United States marketplace.
Torrey Hills Capital also will develop a profile on Santa Fe Gold for coverage on its website, www.babybulls.com, a website developed to showcase and provide exposure for emerging micro-cap companies to an audience of proven micro-cap investors.
Torrey Hills Capital has been engaged on a month-by-month basis at a monthly fee of US$7,500. In addition, Santa Fe Gold has agreed to grant Torrey Hills Capital options to purchase 250,000 shares of its common stock at a price of $1.00 per share for a period of three years from the date of grant.
Torrey Hills Capital currently has no direct or indirect interest in the securities of Santa Fe Gold, or any right or intent to acquire such an interest except pursuant to the exercise of the above referenced options. |
About Santa Fe Gold:
Santa Fe Gold is a U.S.-based mining and exploration enterprise focused on acquiring and developing gold, silver, copper and industrial mineral properties. Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico, which began processing operations in 2010; (ii) a substantial land position near the Lordsburg mill, comprising the core of the Lordsburg Mining District; (iii) the Ortiz gold property in north-central New Mexico; (iv) the Black Canyon mica deposit and processing equipment near Phoenix, Arizona; and (v) a deposit of micaceous iron oxide (MIO) in western Arizona. Santa Fe Gold intends to build a portfolio of high-quality, diversified mineral assets with an emphasis on precious metals.
|
DISCLAIMER
This publication is an advertisement and/or a company update on behalf of Santa Fe Gold Corporation and may not be construed as investment advice. This is not a solicitation to buy or sell securities and this does not purport to be a complete analysis of the company mentioned. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. Readers should consult with their own independent tax, business and financial advisers with respect to any investment, including any contemplated investment in the advertised company. All information contained in this advertisement should be independently verified with the advertised company and by an independent financial analyst. You should independently investigate and fully understand all risks before investing. This email was prepared for and by Santa Fe Gold Corporation staff. The information set forth herein was obtained from sources believed to be reliable, but there no guarantee to its accuracy or completeness. For further information on Santa Fe Gold Corporation, please contact R.J. Bommarito, director of shareholder communications at rjbommarito@santafegoldcorp.com. Current stock price and trading volume information is available from your broker and from online information services such as America Online, Yahoo and Bloomberg. All projections, estimates, compilations of future earnings and/or market share represent the best estimate by management of the advertised company of the expected future growth of Santa Fe Gold Corporation and/or the industry as a whole. While management of Santa Fe Gold Corporation believe all facts and figures are accurate, no assurances can be given that any of the projected figures will be attained. This publication contains forward-looking statements as defined in the Securities Litigation Improvements Act of 1996. The words "believe, expect, estimate and project" and similar expressions define forward-looking statements, which speak only as of the date the statement was made. Santa Fe Gold Corporation undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise. Forward-looking statements are currently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated in, or underlie the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the company's ability to meet its projected growth, the effects of government regulation, competition and other material risks. |
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable US and Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the market price of any mineral products the Company may produce or plan to produce, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K for the year ended June 30, 2010 and its most recent quarterly reports filed with the United States Securities and Exchange Commission (the "SEC"), and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's US public disclosure filings may be accessed via www.sec.gov and its Canadian public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials.
| |