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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
Santacruz Silver's Wholly Owned Bolivian Subsidiary, San Lucas S.A., Successfully Completes Secon...
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 Second Tranche of 70 Million Bolivian Bolivianos Promissory Note 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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Total Raised Reaches 140 Million Bolivian Bolivianos\n \n\n\n\n First Tranche of 70 Million Bolivian Bolivianos Closed in\n \n February 2025\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 11, 2025\n \n\n /CNW/ -\n \n Santacruz Silver Mining Ltd.\n \n (TSXV: SCZ) (OTCQX: 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 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\n \n Friday, August 8, 2025\n \n . 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\n \n February 2025\n \n , this issuance brings the total raised to 140 million Bolivian Boliviano*.\n \n\n\n\n\n\n\n\n\n \"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\n \n Bolivia\n \n , 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 ...