Santacruz Anounces Closing of Second and Final Tranche of Previously Announced Private Placement for CDN$10.00 Million with a Lead Order from Palisades Goldcorp

Santacruz

Vancouver, B.C. — Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering previously announced on September 21st, and upsized on September 30th and October 7th 2020 (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 10,748,922 Units at a price of $0.22 per Unit for gross proceeds of $2,364,762.84 in the second tranche. Between the first and the second tranche the Company issued an aggregate of 45,427,463 Units for gross proceeds of approximately $10 million.

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