11:41 AM EST - Santa Fe Metals Corp. : said it entered into binding memorandum of understanding with Tahoe Resources Group LLC of Reno, Nevada, under which Tahoe Resources Group would buy 40% of the Cuatro Cienegas Project for $5.0 million U.S. The sale is conditional on Tahoe Resources Group paying the funds to Santa Fe Metals on or before July 15. After completion of the sale, Santa Fe Metals would form a joint venture, or 4CJV, with Tahoe Resources Group. Santa Fe Metals would contribute its remaining 60% interest in the project in return for a 60% interest in 4CJV and Tahoe Resources Group would contribute its 40% interest in the Project in return for a 40% interest in 4CJV. Santa Fe Metals Corp.
shares V.SFM are trading up $0.02 at $0.10.
