Santacruz Silver Mining (SCZ-V)
www.santacruzsilver.com
67.7 million o/s
$12.4 million cash (as of Sept 30, 2012)
Emerging growth Mexican prospective silver producer
3 High grade Polymetalic properties 100% owned in Mexico, all with significant exploration potential.
Rosario (Charcas, San Luis Potosi state)
San Felipe (San Felipe, Sonora state), which is held pursuant an option agreement.
Gavilanes (San Dimas, Durango state)
Key people
Francisco Ramos – COO and Director
Mr. Ramos is a Mining and Metallurgical Engineer with more than 30 years of experience in the mining industry. Mr. Rámos holds a Master degree in Mining Engineering from the University of Guanajuato. He is one of the co-founders of Great Panther Silver Limited, where he was responsible for the operations of the company in México since 1998. Mr. Rámos has worked with different senior mining companies such as Peñoles, Industrial Minera Mexico, S.A. de C.V. and Minera Autlan. He has consulted for a number of junior to mid-size companies from Canada, Mexico and the United States. Mr. Ramos was also responsible for the design, supervision and construction of 4 mill plants, all of which were completed on time and on or under budget.
Craig A. Angus – Director
Mr. Angus is a graduate of University of British Columbia's Sauder School of Business and is a veteran of over thirty years in the Canadian and International mining industries. Mr. Angus was the Founder, President, CEO and subsequently Chairman of Nevsun Resources Ltd., a Canadian based, African focused gold producer. In addition, he founded Sunridge Gold Corp., for which he is the current Chairman, and also founded Potash North Resource Corp.
Marc Prefontaine – Director
Mr. Prefontaine graduated with a B.Sc. in Geology from the University of Alberta and a M.Sc. in Mineral Exploration from Queen's University. He is a Professional Geologist with over 25 years experience. Most recently Marc served as President and CEO of Grayd Resource Corporation. During his eight years as CEO of Grayd, Mr. Prefontaine assembled the land package in Mexico that ultimately became the La India Project. He and his geological team made two gold discoveries. During his tenure Grayd grew from a small exploration company with a market capitalization of $5 million to a successful development-stage company culminating with its 2011 acquisition by Agnico Eagle Mines for $275 million.
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Santacruz Silver Mining (SCZ-V) closes $40.42-million financing
Feb 19, 2013 - News Release
Santacruz Silver Mining Ltd. has closing its prospectus offering announced on Jan. 23, 2013, through a syndicate of underwriters led by Canaccord Genuity Corp., and including Raymond James Ltd. and Cormark Securities Inc. The company issued 19 million common shares at a price of $1.85 per common share for gross proceeds of $35.15-million. The underwriters also exercised their overallotment option to acquire an additional 2.85 million common shares for additional gross proceeds of $5,272,500. Including the proceeds from the exercise of the overallotment option, the total gross proceeds of the offering were $40,422,500. The underwriters received a cash fee equal to 6 per cent of the gross proceeds of the offering, as well as 1,311,000 warrants, each of which is exercisable to purchase one common share for a price of $1.85 for a period of 24 months. Canaccord was issued an additional 60,000 common shares as a corporate finance fee.
The company intends to use the proceeds from the offering to make property payments and to advance the exploration of its San Felipe and Gavilanes projects in Mexico, and for general working capital and corporate purposes.
We seek Safe Harbor.
Company presentation
santacruzsilver.com
Fact sheet
santacruzsilver.com |
