Santa Fe Gold Announces Plan to Resume Trading
Santa Fe Gold Announces Plan to Resume Trading
ALBUQUERQUE, N.M., Dec. 18, 2020 Santa Fe Gold Corporation (OTC PINK: SFEG), (the “Company”) announced today that it is continuing to proceed with its plan to resume regular trading. The Company, because of not being current in its filings, was notified by the Securities & Exchange Commission (the “Commission”) that it was seeking de-registration of our common stock under Section 12 of the Securities Exchange Act of 1934 (the “Exchange Act”). The Company determined that the most expedient path was to settle with the Commission, agree to de-register our common stock (rather than spend the time and resources in litigating the matter), file a Form 10 registration statement to re-register our common stock under the Exchange Act, and work with a sponsor broker dealer to update our Form 15c-211 with FINRA. What transpired yesterday in the form of a trading halt was the result of th