Santa Fe Gold Corporation (OTCPK:SFEG) acquired Billali and Jim Crow Imperial Mines in Grant County, New Mexico for $10 million on January 4, 2019. Under the agreement Santa Fe Gold Corporation will pay $25,000 at closing and will be required to make two monthly payments in January and February 2019, followed by a four month pause in payments intended to allow Santa Fe Gold Corporation time to ramp up both mines. Then, beginning six months from the acquisition date, a schedule of monthly payments for a period of up to six and a half years. As per the terms of the acquisition, Santa Fe Gold will pay $0.05 million upon closing, $0.1 million on or before January 31, 2019, $0.1 million on or before February 28, 2019, 20 monthly payments of $0.05 million commencing six months from the acquisition date and 50 monthly payments of $0.2 million on a monthly basis thereafter. Santa Fe Gold Corporation (OTCPK:SFEG) completed the acquisition of Billali and Jim Crow Imperial Mines in Grant County, New Mexico on January 4, 2019.