Minsud Announces Management Changes and Grants Stock Options
TSX-V: MSR
July 16, 2020
Minsud Announces Management Changes and Grants Stock Options
TORONTO, ONTARIO – 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Ramiro Massa has resigned as Corporate Secretary of the Company and has been replaced
by Michael Johnston, the current Chief Financial Officer.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 t hat it has granted options to pu rchase 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.
FOR FURTHER INFORMATION PLEASE CONTACT
Ramiro Massa
President and Chief Executive Officer
Michael Johnston
Chief Financial Officer and Corporate Secretary
416-479-4466
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.