Minsud Announces Closing of Non-Brokered Private Placement for Gross Proceeds of $650,000
TSX-V: MSR
July 27, 2017
Minsud Announces Closing of Non-Brokered Private Placement for Gross
Proceeds of $650,000
TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V: MSR) (“Minsud” or the
“Company”) is pleased to announce the closing of a non-brokered private placement offering
of units in Minsud (the “ Units”) for gross proceeds of $650,000 (the “ Private Placement”). In
connection with the closing of the Private Placement, which was initially announced on July 17,
2017, Minsud issued 6,500,000 Units at a price of $0.10 per Unit with each Unit comprising of
one common share in the capital of the Company (the “ Shares”) and one common share
purchase warrant (the “Warrants”). Each Warrant is exercisable into one Share at $0.15 until
July 27, 2019.
The net proceeds will be used to continue ex ploring the Cu-Mo-Ag-Au deposit at the Chita
porphyry including metallurgical tests, payments related to option agreements and financing of
mining rights acquisitions, as well as working capital and corporate overhead requirements.
Compañía de Tierras Sud Argentino S.A., an insider and control person of the Company,
purchased 2,400,000 Units. The Company has relied on the exemptions from the valuation and
minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and
5.7(a) of MI 61-101 in respect of such insider participation. The Company did not file a material
change report more than 21 days before the expected closing of the Private Placement as the
details of the participation by such insider was not settled until shortly prior to closing of the
Private Placement.
The securities issued in connection with the closing of the Private Placement will be subject to a
four month hold period expiring on November 28, 2017. No commission or finder's fee was paid
in connection with the Private Placement.
About Minsud Resources Corp.:
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo-
Au-Ag Project, in the Province of San Juan, Argentina. The Company also owns the La Rosita
Property (9,700 ha), a low sulphidation style Ag-Au mineralization prospect in the Deaseado
Massif Ag-Au mining district, Santa Cruz Province, Argentina.
FOR FURTHER INFORMATION PLEASE CONTACT
Carlos Massa
President and Chief Executive Officer
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,
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: 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 Company may carry on business in the future; operating or technical difficulties in
connection with exploration and development activities; fluctuations in the currency markets (such as the
Canadian dollar, Argentina peso, and the U.S. dollar); 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; fluctuations in commodity prices and
the factors identified in the Company's continuous disclosure documents filed on SEDAR. 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.