Santacruz Silver's Wholly Owned Bolivian Subsidiary, San Lucas S.A., Successfully Completes Second Tranche of 70 Million Bolivian Bolivianos Promissory Note in the Bolivian Market Total Raised Reaches 140 Million Bolivian Bolivianos
Santacruz Silver's Wholly Owned Bolivian
Subsidiary, San Lucas S.A., Successfully
Completes Second Tranche of 70 Million
Bolivian Bolivianos Promissory Note in the
Bolivian Market
Total Raised Reaches 140 Million Bolivian Bolivianos
First Tranche of 70 Million Bolivian Bolivianos Closed in
February 2025
VANCOUVER, BC
,
Aug. 11, 2025
/CNW/ -
Santacruz Silver Mining Ltd.
(TSXV: SCZ) (OTCQX:
SCZMF) (FSE: 1SZ) ("Santacruz") is pleased to announce that its wholly owned subsidiary in
Bolivia
,
San Lucas S.A. (the "Company"), has successfully completed the second offering (the "Offering") of
promissory notes, named "Pagarés Bursátiles San Lucas – Emisión 2," under its San Lucas
Promissory Notes Issuance Program on
Friday, August 8, 2025
. The Offering generated gross
proceeds of 70 million Bolivian Boliviano*. The notes have a 7.00% interest rate, a maturity date of
June 15, 2026 and are unsecured. With the first tranche of 70 million Bolivian Boliviano* closed in
February 2025
, this issuance brings the total raised to 140 million Bolivian Boliviano*.
"Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, "We are pleased to
have successfully completed the second offering under the San Lucas Promissory Notes Issuance
Program, which we once again received strong support from the Bolivian investment community,
demonstrating continued confidence in Santacruz's operations and long-term vision. With the majority
of our operations based in
Bolivia
, the Offering reinforces our deep commitment to the country,
where we continue to invest, expand and contribute meaningfully to the growth of the Bolivian mining
sector, its communities and broader economic development. It also marks a key step in our strategy
to diversify funding sources in line with our efficient treasury management approach, which further
strengthens Santacruz's capital structure, supporting ongoing efforts to deliver long-term value for
our shareholders."
The Offering was part of the San Lucas Promissory Notes Issuance Program, which has a total
authorized amount of 140 million Bolivian Boliviano*. The Offering was executed on the Bolivian
Stock Market (Bolsa Boliviana de Valores) and continued to receive strong demand from the Bolivian
investment community, reflecting ongoing confidence in the
San Lucas
ore sourcing and trading
business, and the Company's solid financial position and long-term vision.
Please refer to the Company's
February 27, 2025
, news release for details of the first offering.
*The official Exchange Rate in
Bolivia
is BOB 6.96 per
US$1
.
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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/August2025/11/c7691.html
%SEDAR: 00031795E
For further information:
For further information, please contact: Arturo Préstamo, Santacruz Silver
Mining Ltd., Email: [email protected], Telephone: +52 81 83 785707; Andrés Bedregal,
Santacruz Silver Mining Ltd., Email: [email protected], Telephone: +591 22444849
CO: Santacruz Silver Mining Ltd.
CNW 07:00e 11-AUG-25