Santacruz Silver Mining Ltd. Issues Shares in Previously Announced Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (OTC Pink: SZSMF) ("Santacruz", or the "Company") announces that it has closed two shares for debt transactions (the "Debt Settlements") pursuant to the terms of debt settlement agreements entered into with Empresa Minera Manquiri, S.A. and Minas Gilloyna, S.A. de C.V., respectively, as previously announced on June 7, 2021.
- Vancouver, British Columbia--(Newsfile Corp. - July 15, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (OTC Pink: SZSMF) ("Santacruz", or the "Company") announces that it has closed two shares for debt transactions (the "Debt Settlements") pursuant to the terms of debt settlement agreements entered into with Empresa Minera Manquiri, S.A. and Minas Gilloyna, S.A. de C.V., respectively, as previously announced on June 7, 2021.
- Pursuant to the two transactions, the Company settled aggregate debt of $4,468,005.10 (the "Debt") through the issuance of 10,342,604 common shares in the capital of the Company ("Common Shares") at a price of $0.432 per Common Share.
- By issuing the Common Shares, the Debt has been definitively extinguished.
- About Santacruz Silver Mining Ltd.
Santacruz is a Mexican focused silver company with two producing silver projects, (Zimapan and Rosario) and two exploration properties, the La Pechuga property and Santa Gorgonia prospect.