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Santacruz Silver Mining Ltd.
(SCZ-TSX.V)
Santacruz is less than six months from the start of production on its first Mexican silver mine. Two other advanced-stage projects are also on track for near-term production, supporting a production target of 5 million ounces per year within 3 to 4 years.
The company began trading as a public company in April, when they completed a $20 million private placement at C$0.90 per share (no warrants). The private group that vended in the assets participated in that financing for more than $2 million, after having spent $7 million on the three projects.
Santacruz is led by Arturo Prestamo, a Mexican national with business training and considerable experience in the mining industry in Mexico. The chief operating officer is Francisco Ramos, a mining engi-neer who was one of the co-founders of Great Panther Silver (GPT-T), a successful Mexican silver miner. Other directors bring extensive experience in mining and finance, both globally and in Mexico.
Shares Outstanding: 67 million Shares Fully Diluted: 74 million Market Cap: C$56.9 million Contact: Investor Relations 604-569-1609 www.santacruzsilver.com
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