Santacruz Arranges Short-Term US$2.3 Million Loan


Vancouver, B.C. — Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz”) reports that its wholly-owned subsidiary, Impulsora Minera Santacruz, S.A de C.V. (together with Santacruz the “Company”), has arranged a loan (the “Loan”) from a private Bolivian mining company, for US$2.3 million. The Loan bears interest at 9% per annum, is repayable July 1st, 2018, and is unsecured. In connection with the Loan the Company has agreed to issue the lender 2,000,000 warrants exercisable until the end of business on March 6, 2019, at $0.16 per share. The issuance of the warrants is subject to TSX Venture Exchange approval.

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