TSX-listed Santacruz Silver has, through its wholly-owned subsidiary Carrizal Holdings, acquired a 50% shareholding in PCG Mining, which is a holding company that owns 100% of private Mexican mining company Carrizal Mining. The shares were bought from one of PCG’s shareholders for $500 000 in cash; the forgiveness of about $264 000 in debt owed by the vendor to Carrizal Mining; the transfer of a $494 000 life-insurance policy and three vehicles valued at $180 000 from Carrizal Mining to the vendor.
