Minsud Announces Non-Brokered Private Placement
TSX-V: MSR
November 25, 2019
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 acceptance of the TSX Venture
Exchange (the "TSXV"), a non-brokered private placement of units of the Company ("Units") for
gross proceeds of up to $450,000 (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 exploring the Chita Valley Project 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 Val ley 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 6,000 ha in Santa Cruz Province, Argentina.
FOR FURTHER INFORMATION PLEASE CONTACT
Alberto F. Orcoyen
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,
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 announ ced 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 co sts 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 p lace 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 d ate 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 Regul ation 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.