Santacruz Silver Announces Short-Term Loan with Trafigura

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/569-tsx-venture/scz/15140-santacruz-silver-announces-short-term-loan-with-trafigura.html#.VoMuNeTrvIU

VANCOUVER, Dec. 29, 2015 /CNW/ – Santacruz Silver Mining Ltd. (“Santacruz” or the “Company”) (TSX.V:SCZ) announces its subsidiary Impulsora Minera Santacruz S.A. de C.V. has entered into a short-term loan facility (the “Loan”) with Trafigura Mexico, S.A. de C.V. (“Trafigura”) in the principal amount of US$ 725,000.  The Loan bears interest at LIBOR plus a spread, payable monthly in arrears, with the principal to be repaid in six equal monthly installments commencing January 31, 2016.  The Loan has been secured by certain personal assets of a director and officer of the Company.

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