Attached files
| file | filename |
|---|---|
| 8-K - CURRENT REPORT - Santa Fe Gold CORP | form8k.htm |
| EX-99.2 - PROMISSORY NOTE - Santa Fe Gold CORP | exhibit99-2.htm |
| EX-99.1 - PRESS RELEASE DATED FEBRUARY 1, 2010 - Santa Fe Gold CORP | exhibit99-1.htm |
EXHIBIT 99.3
SANTA FE GOLD CORPORATION
1128 Pennsylvania NE, Suite 200
Albuquerque, New
Mexico 87110
January 27, 2011
Robert Giustra
President & CEO
Columbus Silver
Corporation
Suite 307 - 475 Howe Street
Vancouver, BC
V6C 2B3,
Canada
Dear Robert:
Reference is made to that certain Promissory Note executed by Columbus Silver Corporation (“COLUMBUS”) in favor of Santa Fe Gold Corporation (“SANTA FE”) the original principal amount of US$200,000 and dated as of even date herewith (the “NOTE”).
In consideration of Santa Fe advancing the US$200,000 pursuant to the terms of the Note, please acknowledge and agree, by executing a counterpart of this letter agreement, that:
| 1. |
Columbus intends to engage in a business combination transaction with Santa Fe on the same terms as detailed in that certain Memorandum of Understanding dated September 23, 2010 between Santa Fe and Columbus (the “MOU”). | |
| 2. |
That the “EXCLUSIVITY” provision of the MOU is hereby amended and restated to provide as follows: | |
|
“The parties hereto agree that from the signing date hereof until 5:00 P.M. Eastern Standard Time on March 31, 2011, the Company shall deal exclusively with the Santa Fe in connection with an Acquisition Proposal (as defined in footnote 2 above).” |
| Yours very truly, | |
| Santa Fe Gold Corporation | |
| /s/ W. Pierce Carson | |
| By: W. Pierce Carson | |
| President & Chief Executive Officer |
AGREED AND ACCEPTED:
COLUMBUS SILVER CORPORATION
| By: | /S/ ROBERT GIUSTRA | |
| Name: | ROBERT GIUSTRA | |
| Title: | PRESIDENT & CEO | |
| Date: | JANUARY 27, 2011 |