Santa Barbara has adopted a new policy that requires advance notice to Santa Barbara for nominations of directors other than by management, through a requisition for a meeting or by way of a shareholder proposal. Among other things, the policy fixes a deadline by which holders of record of common shares of the Company must submit director [...]
Santa Barbara and Rio Alto Mining have mutually agreed to extend the deadline to replace the non-binding letter of intent announced on February 7, 2013 with a definitive option and joint venture agreement containing industry standard terms and conditions. Santa Barbara has accepted US$300,000 in partial payment of the minimum US$1,500,000 to be [...]
Santa Barbara is pleased to announce it has appointed Mr. Robert Boaz to the Board of the Company as an independent director. Mr Boaz graduated with honours from McMaster University of Hamilton, Ontario with a Bachelor of Arts in Economics and has a Masters Degree in Economics from York University in Toronto. He is a highly respected financial and [...]
Santa Barbara is pleased to announce that, further to the press release dated February 7, 2013, it has closed its non-brokered private placement with Rio Alto Mining Limited. The Company issued 2,500,000 common shares at a purchase price of $0.08 raising gross proceeds of $200,000. The common shares are subject to a hold period in Canada expiring [...]
Santa Barbara is pleased to announce that it has entered into a non-binding letter of intent with Rio Alto Mining whereby Santa Barbara will grant to Rio Alto options to which it may earn and acquire up to a 66% interest in the Company's 8,200 hectare Sancos gold property in Peru. The LOI also contemplates that Rio Alto will make a $200,000 equity [...]
Santa Barbara with great regret announces that Eric Edwards has resigned as a director of the Company due to the increased demands on his time from his other activities. The Board of Directors is grateful for the support, encouragement and advice received from Eric during his time with the Company.
