TSX-V: MSR
TORONTO, July 16, 2020 /CNW/ - Minsud Resources Corp.
(TSX-V: MSR) ("Minsud" or the "Company") announces that Alberto
Orcoyen has resigned as President and Chief Executive Officer of
the Company. Ramiro Massa has been
appointed as President and Chief Executive Officer to replace
Alberto Orcoyen, subject to the approval of the TSX Venture
Exchange. Ramiro Massa has
resigned as Corporate Secretary of the Company and has been
replaced by Michael Johnston, the
current Chief Financial Officer. The Company thanks Mr. Orcoyen for
his service as President and Chief Executive Officer, who will
continue to serve as a director of the Company.
Ramiro Massa began his
professional career at PricewaterhouseCoopers, after graduating as
an accountant from the Universidad Catolica Argentina (UCA).
Mr. Massa has worked as Controller at Minera Sud Argentina S.A.,
the Company's operating subsidiary, and Minsud Resources Corp. for
more than 10 years. Mr. Massa has been an instrumental part
of each stage of Minsud's development, including the going public
transaction in 2011 and the subsequent development of the Company's
Chita Valley project. Mr. Massa also
holds a degree in Business Administration from the UCA and a
diploma in International Financial Reporting (IFRS) from the
Association of Chartered Certified Accountants of England (ACCA). Mr. Massa is also a director
of Minera Sud Argentina S.A.
Minsud also announces that it has granted options to purchase an
aggregate of 1,400,000 common shares of the Company (the "Stock
Options") to certain consultants of the Company. The Stock Options
are exercisable at a price of $0.10
per share for a period of five years from the date of
issuance.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Minsud Resources Corp.