Minsud Announces Non-Brokered Private Placement
TSX-V: MSR
May 16, 2018
Minsud Announces Non-Brokered Private Placement
TORONTO, ONTARIO – Minsud Resources Corp. (TSX-V:MSR) (“Minsud” or the
“Company”) announces that it intends to complete, subject to the approval of the TSX Venture
Exchange (the "TSXV"), a non-brokered private placement of units of the Company ("Units") for
gross proceeds of up to $ 800,000 (the " Private Placement") at $0.10 per Unit, with each Unit
consisting of one common share of the Company (each, a " Share") and one common share
purchase warrant (a "Warrant"). Each Warrant is exercisable into one Share at $0.15 for a term
of two years from the date of issue.
The net proceeds will be used to continue ex ploring the Cu-Mo-Ag-Au deposit at the Chita
Valley Project, payments related to optio n agreements and financing of mining rights
acquisitions, as well as working capital and corporate overhead requirements.
No commission or finder's fee will be paid in connection with the Private Placement. The Shares
will be subject to a hold period of four months and a day from their date of issuance. The
Company expects to complete the Private Placement within 30 days.
A portion of the gross proceeds is expected to be subscribed for by insiders of the Company.
Any such subscription will be considered to be a related party transaction within the meaning of
TSX-V Policy 5.9 which incorporates Multilateral Instrument 61-101 (" MI 61-101 "). The
Company intends to rely 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.
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 holds a 100% owned
portfolio of selected early stage prospects, including 18,000 ha in Santa Cruz Province,
Argentina.
FOR FURTHER INFORMATION PLEASE CONTACT
Carlos Massa
President and Chief Executive Officer
Mike Johnston
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 the announced private placement, 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: the
ability of the Company to complete the announced private placement; 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.