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Santacruz Silver's Wholly Owned Bolivian Subsidiary, San Lucas S.A., Successfully Completes Oversubscribed Promissory Note Offering of 70 Million Bolivian Bolivianos in the Bolivian Market
Santacruz Silver's Wholly Owned Bolivian Subsidiary, San Lucas S.A., Successfully Completes Overs...
About this update from Santacruz Silver Mining Ltd.
[{"type":"text","content":"\n\n\n\n Santacruz Silver's Wholly Owned Bolivian Subsidiary, San Lucas S.A., Successfully Completes Oversubscribed Promissory Note Offering of 70 Million Bolivian Bolivianos in the Bolivian Market\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Feb. 27, 2025\n \n\n /CNW/ -\n \n Santacruz Silver Mining Ltd.\n \n (TSXV: SCZ) (OTCQB: SCZMF) (FSE: 1SZ) (\"Santacruz\") is pleased to announce that its wholly owned subsidiary in\n \n Bolivia\n \n , San Lucas S.A. (the \"Company\"), has today successfully completed the first offering of promissory notes, named \"Pagarés Bursátiles\n \n San Lucas\n \n - Emisión 1,\" under its San Lucas Promissory Notes Issuance Program. The offering was oversubscribed and sold out in a matter of 15 minutes, for gross proceeds of 70 million Bolivian Boliviano*. The notes have a 6.25% interest rate, a maturity date of\n \n February 15th, 2026\n \n and are unsecured.\n \n\n\n\n\n\n\n\n\n The offering was executed on the Bolivian Stock Market (Bolsa Boliviana de Valores) and received strong demand from the Bolivian investor community, reflecting confidence in the\n \n San Lucas\n \n ore sourcing and trading business and the Company's solid financial position and long-term vision. The issuance completed today is part of the San Lucas Promissory Notes Issuance Program, which has a total authorized amount of 140 million Bolivian Boliviano*. This milestone underscores Santacruz's commitment to diversifying its funding sources and strengthening its capital structure.\n \n\n Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, \"The strong demand and over...