TSX-V: MSR
TORONTO, May 11, 2023
/CNW/ - Minsud Resources Corp. (TSXV: MSR) ("Minsud" or
the "Company") is pleased to announce that it has granted an
aggregate of 5,300,000 incentive stock options under the Company's
stock option plan, out of which an aggregate of 4,000,000 options
were granted to certain directors and the Chief Executive Officer
of the Company. The options are exercisable at price of
$0.696 per share, expire on
May 11, 2028 and will be subject to
the following vesting terms: one-quarter (1/4) shall vest on
May 11, 2023, one-quarter shall vest
(1/4) on November 11, 2023,
one-quarter (1/4) shall vest on May 11,
2024, and the balance shall vest on November 11, 2024. As of the date hereof, a total
of 16,389,069 common shares of the Company are reserved for
issuance under the Company's stock option plan and, after this new
grant 12,726,000 options will be outstanding.
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.
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.