Santacruz Silver Enters Definitive Agreement to Acquire the Zimapan Mine and Arranges Financing For Transaction
Retrieved on:
Thursday, February 25, 2021
de C.V., to acquire (the "Acquisition") the Zimapan property and related assets (the "Zimapan Mine") located in Zimapan, Hidalgo State, Mexico for total consideration of US$20 million (plus applicable Mexican Value Added Tax of US$3.2 million) (the "Purchase Price").
Key Points:
- de C.V., to acquire (the "Acquisition") the Zimapan property and related assets (the "Zimapan Mine") located in Zimapan, Hidalgo State, Mexico for total consideration of US$20 million (plus applicable Mexican Value Added Tax of US$3.2 million) (the "Purchase Price").
- Carlos Silva, CEO of Santacruz, commented: "The completion of this transaction and concurrent financing will be transformational for Santacruz and will mark the Company as an emerging mid-tier silver producer."
- About Santacruz Silver Mining Ltd.
Santacruz is a Mexican focused silver company that through its Mexican subsidiaries owns and operates the Rosario Mine and currently operates the Zimapan Mine. - The Company is managed by a technical team of professionals with proven track records in developing, operating and discovering silver mines in Mexico.