TSX-V: MSR
TORONTO, Dec. 10, 2021 /CNW/ - Minsud Resources
Corp. (TSXV: MSR) ("Minsud" or the "Company"), is pleased
to announce that certain holders of common share purchase warrants
(the "Warrants") have exercised an aggregate of 4,180,000 Warrants
resulting in gross proceeds to the Company of $627,000.
Each Warrant is exercisable for one (1) common share of the
Company at an exercise price of $0.15 per share. The Warrants were issued in
connection with a private placement financing of the Company which
had closed on December
10th, 2019.
Minsud also announces that Hugo
Dragonetti (Jr.) has resigned as a director of the Company.
Mrs. Lucia Dragonetti has been
appointed, subject to the approval of the TSX Venture Exchange, to
fill the vacancy on the board created by the resignation of Mr.
Hugo Dragonetti (Jr.). The Company
would like to thank Mr Hugo
Dragonetti (Jr.) for his outstanding service and dedication
to the Company and wishes him the best in his future
endeavours.
Mrs. Lucía Dragonetti has a degree in Political Science from the
Universidad Católica Argentina.
She has also obtained a postgraduate degree in Direction and
Management of Construction Enterprises organized by the IAE
(Management and Business School at the Universidad Austral). Since
2010 she has served as director of Panedile Argentina S.A.I.C.F.eI.
Panedile is a company with over seventy years of experience in the
construction and management of large civil works and infrastructure
doing business in the hydraulic, road building complexes, mining
and sanitation sectors.
Ramiro Massa, Minsud's President
& CEO, said: "We are very pleased with this strong show of
support from our existing long-term shareholders as we continue to
move forward with our strategy to further explore our Chita Valley project. We are also delighted that
Mrs. Lucia Dragonetti has agreed to
join us as a new board member. She is a valuable addition to our
diverse board".
About Minsud Resources Corp.
Minsud is a mineral exploration company focused on exploring its
flagship Chita Valley Cu-Mo- Au-Ag-Pb-Zn Project, in the Province
of San Juan, Argentina. The
Company also holds a 100% owned portfolio of selected early-stage
prospects, including 6,000 ha in Santa
Cruz Province, Argentina.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION:
This news release includes certain information that may
constitute forward-looking information under applicable Canadian
securities laws. Forward-looking information includes, but is not
limited to, statements about strategic plans, spending commitments,
future operations, results of exploration, anticipated financial
results, future work programs, capital expenditures and objectives.
Forward-looking information is necessarily based upon a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties, and other
factors which may cause the actual results and future events to
differ materially from those expressed or implied by such
forward-looking information including, but not limited to:
fluctuations in the currency markets (such as the Canadian dollar,
Argentina peso, and the U.S.
dollar); changes in national and local government, legislation,
taxation, controls, regulations and political or economic
developments in Canada and
Argentina or other countries in
which the Corporation may carry on business in the future;
operating or technical difficulties in connection with exploration
and development activities; risks and hazards associated with the
business of mineral exploration and development (including
environmental hazards or industrial accidents); risks relating to
the credit worthiness or financial condition of suppliers and other
parties with whom the Company does business; presence of laws and
regulations that may impose restrictions on mining, including those
currently enacted in Argentina;
employee relations; relationships with and claims by local
communities; availability and increasing costs associated with
operational inputs and labour; the speculative nature of mineral
exploration and development, including the risks of obtaining
necessary licenses, permits and approvals from government
authorities; business opportunities that may be presented to, or
pursued by, the Company; challenges to, or difficulty in
maintaining, the Company's title to properties; risks relating to
the Company's ability to raise funds; and the factors identified
under "Risk Factors" in the Company's Filing Statement dated
April 27, 2011. There can be no
assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not
place undue reliance on forward-looking information. All
forward-looking-information contained in this news release is given
as of the date hereof and is based upon the opinions and estimates
of management and information available to management as at the
date hereof. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by law.
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.