Santacruz Silver Announces C$1.30 Million Non-Brokered Private Placement and Corporate Update

VANCOUVER, Oct. 21, 2015 /CNW/ – Santacruz Silver Mining Ltd. (TSXV:SCZ) (“Santacruz Silver” or the “Company”) announces a non-brokered private placement (the “Private Placement”) of up to 10 million shares at a purchase price of $0.13 per share, for gross proceeds to the Company of up to $1,300,000.

The proceeds from the Private Placement are expected to be used by the Company for the purchase of new underground mining equipment, general working capital and corporate purposes. All shares issued will be subject to a four month hold period.

Santacruz is a Mexican focused silver company with a producing project (Rosario); two advanced-stage projects (San Felipe and Gavilanes) and an early-stage exploration project (El Gachi).

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