Minsud Resources Corp. ("Minsud" or the "Company") announces that is has issued 1,561,330 units of the Company (the "Units") at a price of $0.10 per Unit to settle debts owing for certain drilling and bulldozing services performed on the Company's Chita Valley property. The payment in Units represents fees owed to two service providers which amount to an aggregate of $156,133.
Each Unit comprises of one common share in the capital of the Company ("Common Share") and one common share purchase warrant ("Warrant"). Each Warrant is exercisable into one Common Share at $0.15 for a term of two years from the date of issue. The Common Shares and Warrants issued under the Units will be subject to a four month hold period expiring on March 22, 2017.
About Minsud Resources Corp.:
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-MoAu-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 has in Santa Cruz Province, Argentina.