Santacruz Silver Subsidiary Completes Bs 70M Promissory Note Offering

Santacruz Silver Mining Ltd.'s wholly owned Bolivian subsidiary, San Lucas, successfully completed the fourth offering under its promissory note program in the Bolivian capital markets. This offering raised gross proceeds of 70 million Bolivian bolivianos through unsecured promissory notes with an annual interest rate of 10.9985% and a maturity date of July 18, 2027. The successful placement, which was fully subscribed, demonstrates continued investor confidence and brings the program back to its full authorized amount of Bs 140 million.