|[March 07, 2014]
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Class Action Lawsuit Has Been Filed Against The Board Of Directors Of Santa Fe Gold Corporation
WILMINGTON, Del. --(Business Wire)--
& Long, P.A. announces a complaint alleging breaches of
fiduciary duty and other violations of law has been filed in the New
Mexico District Court, Bernalillo County against the board of directors
of Santa Fe Gold Corporation ("Santa Fe" or the "Company") (OTC QB: SFEG)
in connection with the Company's entry into an agreement to be acquired
by Tyhee Gold Corp. ("Tyhee").
Click here to learn more: http://www.rigrodskylong.com/investigations/santa-fe-gold-corporation-sfeg.
Under the terms of the agreement, public shareholders of Sante Fe will
receive: (a) 0.9 of one common share of Tyhee (the "Tyhee Common
Shares") and (b) 0.45 of one warrant, with each whole warrant entitling
the holder to purchase one Tyhee Common Share, at an exercise price of
Cd$0.25 per Tyhee Common Share for a period of four years.
The complaint alleges that Santa Fe's board of directors failed to
adequately shop the Company and obtain the best possible value for Santa
Fe's shareholders before entering into an agreement with Tyhee.
If you own the common stock of Santa Fe and purchased your shares before
January 24, 2014, and would like to learn more about these allegations,
please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by
telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org,
or at: http://www.rigrodskylong.com/investigations/santa-fe-gold-corporation-sfeg.
& Long, P.A., with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
class, derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in states
and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
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