Santacruz Announces $6 Million Private Placement with Lead Order from Palisades Goldcorp

Santacruz_21092020

Vancouver, British Columbia–(Newsfile Corp. – September 21, 2020) – Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (the “Company” or “Santacruz”) is pleased to announce a non-brokered private placement (the “Private Placement”) for up to 27,272,727 units (the “Units”) at a purchase price of C$0.22 per Unit, for gross proceeds to the Company of up to C$6,000,000 with a lead order from Palisades Goldcorp Ltd. for C$3,000,000. Each Unit will consist of one common share of the Company and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one common share of the Company at a price of C$0.30 per share for a period of 36 months following the issue of the Warrant.

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