- CNW Group•25 days ago
Santacruz Silver Terminates San Felipe Project Sale
- PR Newswire•25 days ago
VANCOUVER, Dec. 23, 2016 /PRNewswire/ - Santacruz Silver Mining Ltd. (SCZ.V) ("Santacruz" or the "Company") reports that it has terminated the previously announced agreement in connection with the Company's sale of the San Felipe Project (the "Transaction") (see press release dated December 7, 2016) to the Hermosillo Group. No payments pursuant to the Transaction have been made to date. Discussions have been on-going with respect to revised payment terms however this process has not led to a payment schedule acceptable to the Company and therefore the agreement has been terminated by the Company. The Company is in discussions with Minera Hochschild Mexico, S.A. de C.V. the underlying property vendor with respect to the continued deferral of the payment terms for the San Felipe Project.
- PR Newswire•last month
VANCOUVER, Dec. 7, 2016 /PRNewswire/ - Santacruz Silver Mining Ltd. (SCZ.V) ("Santacruz") reports that its wholly-owned subsidiary, Impulsora Minera Santacruz, S.A. de C.V. (together with Santacruz "the Company"), has entered into an agreement with a private Mexican company based in Hermosillo, Mexico (the "Hermosillo Group)" to sell 100% of its interest in the San Felipe Project located in Sonora, Mexico to the Hermosillo Group for cash consideration of US$15.0 million (plus value added tax ("VAT") of US$2.4 million) (the "Transaction"). The Transaction is scheduled to close on or about December 19, 2016.
SCZ.V : Summary for SANTACRUZ SILVER MINING LTD - Yahoo Finance
Santacruz Silver Mining Ltd. (SCZ.V)
TSXV - TSXV Delayed Price. Currency in CAD
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|Day's Range||0.36 - 0.38|
|52 Week Range||0.09 - 0.63|
|PE Ratio (TTM)||-1.33|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|