Santacruz Silver Grants Stock Options and Omnibus Plan Share Units
Santacruz Silver Grants Stock Options and
Omnibus Plan Share Units
VANCOUVER, BC
,
June 26, 2025
/CNW/ -
Santacruz Silver Mining Ltd.
(TSXV:
SCZ) ("Santacruz" or "the Company") announces that the Company has granted stock options
("Options"), deferred share units ("DSUs"), restricted share units ("RSUs") and performance share
units ("PSUs") to certain directors, officers, employees and consultants in accordance with the
Company's Omnibus Equity Incentive Plan dated
November 17, 2023
.
The board of directors of the Company has approved the grant of an aggregate of 3,450,000
Options, 955,000 RSUs and 500,000 PSUs (collectively, the "Awards") to certain directors, officers,
employees and consultants of the Company. The 2023 Omnibus Equity Incentive Plan's objective is
to create an incentive compensation program that is aligned with the Company's long-term
objectives.
Each vested, DSU, PSU, RSU and Option may be redeemed for one common share of the
Company. The Awards will have the following terms:
Award
Exercise Price
Vesting
Expiry
Options
$1.10
1/3 on the first, second and third anniversary of grant date
Fifth anniversary of grant date
RSUs
N/A
1/3 on the first, second and third anniversary of grant date
N/A
PSUs
N/A
1/3 on the first, second and third anniversary of grant date
N/A
About Santacruz Silver Mining Ltd.
Santacruz Silver
is engaged in the operation, acquisition, exploration, and development of mineral
properties across
Latin America
. In
Bolivia
, the Company operates the Bolivar, Porco, and Caballo
Blanco mining complexes, with Caballo Blanco comprising the Tres Amigos and Colquechaquita
mines. The Reserva mine, whose production is provided to the
San Lucas
ore sourcing and trading
business, is also located in
Bolivia
. Additionally, the Company oversees the Soracaya exploration
project. In
Mexico
, Santacruz operates the Zimapán mine.
'signed'
Arturo Préstamo Elizondo,
Executive Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
SOURCE
Santacruz Silver Mining Ltd.
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For further information:
For further information please contact: Arturo Préstamo, Santacruz Silver
Mining Ltd., Email: [email protected], Telephone: +52 81 83 785707
CO: Santacruz Silver Mining Ltd.
CNW 19:42e 26-JUN-25