SANTACRUZ SILVER MINING LTD. ("SCZ") BULLETIN TYPE: Private Placement-Non-Brokered BULLETIN DATE: August 23, 2017 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 28, 2017 and July 28, 2017:
Number of Shares: 4,875,000 shares
Purchase Price: $0.20 per share
Warrants: 4,875,000 share purchase warrants to purchase 4,875,000 shares
Warrant Exercise Price: $0.28 for a three year period
Number of Placees: 20 Placees
Insider / Pro Group Participation:
Insider=Y / Name ProGroup=P # of Shares Roland Lohner Y 1,000,000 Robert McMorran Y 625,000 Aggregate Pro Group Involvement P 1,050,000 [3 Placees]
Finder's Fee: Haywood Securities Inc. $26,400 cash payable. M. Partners Inc. $3,015 cash payable.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The Company must also issue a news release if the private placement does not close promptly. [Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.] ________________________________________
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