Santa Fe Gold Files Voluntary Petition Under Chapter 11 of the Bankruptcy Code

Aug 27, 2015, 13:11 ET from Santa Fe Gold Corporation

LORDSBURG, New Mexico, August 27, 2015 /PRNewswire/ -- Santa Fe Gold Corporation (OTCBB: SFEG) announced that, today, it and three of its subsidiaries, filed voluntary petitions under Chapter 11 of the Bankruptcy Code in U.S. Bankruptcy Court for the District of Delaware (the "Court"). 

The Debtors are continuing in possession of their properties and are managing their businesses, as debtors in possession, in accordance with the applicable provisions of the Bankruptcy Code and orders of the Court.

Santa Fe is being advised by the investment banking firm of Canaccord Genuity Inc.  Young, Conaway, Stargatt & Taylor LLP acts as legal counsel to Santa Fe in this process.

About Santa Fe Gold

Santa Fe Gold is a U.S.-based mining and exploration enterprise.  Santa Fe controls: (i) the Summit mine and Lordsburg mill in southwestern New Mexico; (ii) a substantial land position near the Lordsburg mill, comprising the core of the Lordsburg Mining District; and (iii) a deposit of micaceous iron oxide (MIO) in Western Arizona.

1219 Banner Mine Road, Lordsburg, NM 88045 | Tel: 505-255-4852 | www.santafegoldcorp.com

Contact:

Santa Fe Gold Corp

Frank Mueller, Interim Chief Financial Officer

+1 (505) 255-4852

SOURCE Santa Fe Gold Corporation



RELATED LINKS

http://www.santafegoldcorp.com