Minsud Announces Exercise of Warrants for Gross Proceeds of $627,000; Appoints New Director
TSX-V: MSR
December 10, 2021
Minsud Announces Exercise of Warrants for Gross Proceeds of
$627,000; Appoints New Director
TORONTO, ONTARIO - Minsud Resources Corp. (TSX -V: 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 Compan y of
$627,000.
Each Warrant is exercisab le 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 Arg entina. 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.
FOR FURTHER INFORMATION PLEASE CONTACT
Ramiro Massa
President and Chief Executive Officer
www.minsud.com
+1 416-479-4466
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, regulat ions 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 intentio n 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 defin ed in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.