Santacruz Anounces Closing of First Tranche of Previously Announced Private Placement with a Lead Order from Palisades Goldcorp and Upsizing to CDN$10.0 Million


Vancouver, British Columbia–(Newsfile Corp. – October 7, 2020) – Santacruz Silver Mining Ltd. (TSXV: SCZ) (the “Company” or “Santacruz“) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement offering (the “Private Placement“) of units of the Company (each, a “Unit“) with a lead order from Palisades Goldcorp Ltd. The Company issued an aggregate of 34,678,541 Units at a price of $0.22 per Unit for gross proceeds of $7,629,279.02.

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