Minsud Announces Private Placement

Executive Summary

• Minsud Resources Corp. announced a non‑brokered private placement of up to 2,000,000 common shares at $0.50 per share, targeting gross proceeds of up to $1 million.
• Net proceeds are earmarked for continued exploration of the Chita Valley Project and for working capital and corporate overhead.
• Shares issued will be subject to a four‑month‑plus hold period; a portion is expected to be subscribed by insiders under TSX‑V exemption provisions.

Key Details

• Offering size: Up to 2,000,000 common shares.
• Price per share: $0.50.
• Gross proceeds target: $1,000,000.
• Use of proceeds: Exploration of the Chita Valley Cu‑Mo‑Au‑Ag‑Pb‑Zn project in San Juan, Argentina; working capital; corporate overhead.
• Placement type: Non‑brokered private placement; no commission or finder's fee payable.
• Hold period: Shares subject to a lock‑up of four months and one day from issuance.
• Insider participation: Expected subscription by insiders will be treated as a related‑party transaction; the company will rely on MI 61‑101 exemptions (valuation and minority shareholder approval).
• Regulatory notes: Offer not registered in the United States; cannot be sold to U.S. persons absent exemption.
• TSX‑V condition: Completion subject to acceptance by the TSX Venture Exchange.

Notable Quotes

(No direct quotes were provided in the release.)