SANTACRUZ SILVER MINING LTD. ("SCZ")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: March 14, 2017
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Inc.'s (the "Exchange") Bulletin dated August 16, 2013 the Exchange has accepted for filing documentation pertaining to an amendment to Santacruz Silver Mining Ltd.'s (the "Company") property option agreement (the "Amending Agreement") with Minera Hochschild Mexico S.A. de C.V. ("MHM") in respect of the San Felipe property, Mexico and the El Gachi property, Mexico.
Pursuant to the Amending Agreement, to acquire the San Felipe property, US$2,000,000 was payable on or before March 3, 2017 and a further US$8,000,000 is payable on or before December 31, 2017.
To acquire the El Gachi property, the Company must pay US$500,000 on or before March 31, 2017.
Pursuant to the restructured terms pursuant to the Amending Agreement, the Company has agreed to issue 13,415,000 shares to MHM.
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated February 28, 2017 and March 9, 2017.
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