[Federal Register Volume 61, Number 99 (Tuesday, May 21, 1996)]
[Notices]
[Pages 25510-25511]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-12735]
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SECURITIES AND EXCHANGE COMMISSION
[File No. 1-8627]
Issuer Delisting; Notice of Application To Withdraw From Listing
and Registration; (Santa Fe Pacific Gold Corporation, Common Stock,
$0.01 Par Value)
May 15, 1996.
Santa Fe Pacific Gold Corporation (``Company'' or ``SFPG'') has
filed an application with the Securities and Exchange Commission
(``Commission''), pursuant to Section 12(d) of the Securities Exchange
Act of 1934 (``Act'') and Rule 12d2-2(d) promulgated thereunder, to
withdraw the above specified security (``Security'') from listing and
registration on the Chicago Stock Exchange, Inc. (``CHX'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Company, the Security of SFPG is currently traded
on the NYSE and the CHX. The Company incurs annual fees for each of the
exchanges. Currently SFPG is paying an annual fee of $2,500 to the CHX.
From time to time SFPG has issued additional shares of Security for
use in connection with its employee benefit
[[Page 25511]]
plans and expects in the future to issue additional shares for the
purpose of raising additional equity capital. For new shares issued,
SFPG will incur additional costs for listing new shares on the CHX.
The majority of SFPG's stock is traded on the NYSE. Since the vast
majority of SFPG stock is currently traded on NYSE, SFPG believes that
it is not cost effective to maintain a listing on a regional exchange.
The Company has therefore determined that a single listing, on the
NYSE, will be sufficient to serve the needs of its stockholders.
Any interested person may, on or before June 6, 1996, submit by
letter to the Secretary of the Securities and Exchange Commission, 450
Fifth Street NW., Washington, D.C. 20549, facts bearing upon whether
the application has been made in accordance with the rules of the
exchanges and what terms, if any, should be imposed by the Commission
for the protection of investors. The Commission, based on the
information submitted to it, will issue an order granting the
application after the date mentioned above, unless the Commission
determines to order a hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 96-12735 Filed 5-20-96; 8:45 am]
BILLING CODE 8010-01-M
