Santacruz Silver Mining closes $15.2 million equity financing

July 14, 2016

On July 14, 2016, Santacruz Silver Mining Ltd. (TSX.V: SCZ) announced that it had closed its previously announced public offering of units through a syndicate of agents led by Haywood Securities Inc. and including M Partners Inc.

Santacruz issued 37,975,000 units pursuant to the offering for total gross proceeds of $15,190,000. The offering included 4,875,000 units issued pursuant to the agents’ exercise in full of their option to purchase additional units.

Santacruz is a Mexican-focused silver company with a producing silver mine, the right to operate a silver mine and mill facility, an advanced-stage project, one exploration stage project and three early stage exploration properties.

Miller Thomson advised the agents in this transaction with a team that included Peter McArthur and Kevin Sorochan (securities) and Gerald Courage (tax).