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RSS FeedsSantacruz Silver Amends Terms of Option Agreement on the Veta Grande Project and Enters Option Agreement for its Zacatecas Mineral Assets with Carrizal Mining
(WorldNews Canada)

 
 

14 december 2017 17:38:31

 
Santacruz Silver Amends Terms of Option Agreement on the Veta Grande Project and Enters Option Agreement for its Zacatecas Mineral Assets with Carrizal Mining
(WorldNews Canada)
 


Vancouver, B.C. -- Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the `Company` or `Santacruz`) announces that it has reached agreement with the Contracuņa group of companies (`Contracuņa`) to amend the terms of the Option Agreement (see press release dated June 21, 2017) to acquire 100% ownership of the Veta Grande Project, including the Veta Grande mine and milling facility as well as the Minillas property located in Zacatecas, Mexico. Details of the payment schedule per the amended Option Agreement are as follows: 1. US$500,000 paid on December 13, 2017; 2. US$500,000 on or before December 13, 2018; 3. US$2,500,000 on or before December 13, 2019; 4. US$2,500,000 on or before December 13, 2020;...


 
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