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Tyhee Gold Corp agrees to merge with Santa Fe Gold Corp


Thursday, 23 Jan 2014 06:55pm EST 

Tyhee Gold Corp:Says that it has entered into an agreement with Santa Fe Gold Corp. whereby, Tyhee, acting through a newly incoporated Delaware subsidiary corporation, will acquire 100 pct. of the issued and outstanding securities of Santa Fe in exchange for securities of Tyhee (the transaction).Says Santa Fe currently holds a number of precious metals properties in New Mexico, USA, including the Summit gold mine, which began commercial production in 2012 before mining activities were suspended in Nov. 2013, primarily due to operational challenges brought on by capital constraints.Says the directors of both Santa Fe and Tyhee have unanimously supported the proposed transaction. 

Company Quote

0.169
-0.031 -15.50%
25 Jul 2014