TORONTO, Oct. 3, 2013 - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") is pleased to announce that it has granted an aggregate of 580,000 incentive stock options under the Company's stock option plan, inclusive of an aggregate of 390,000 options issued to certain directors and officers. The options are exercisable at $0.10 per share, all of which shall vest one-quarter (1/4) on October 3, 2013, one-quarter (1/4) on April 3, 2014, one-quarter (1/4) on October 3, 2014, and one-quarter (1/4) on April 3, 2015, and shall be exercisable for a term of five years, in accordance with the Company's stock option plan. As of the date hereof, a total of 4,375,726 common shares of the Company are reserved for issuance under the Company's stock option plan, of which a total of 4,375,000 common shares are subject to options outstanding.
About Minsud Resources Corp.:
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Project, primarily for gold, silver and copper in the Province of San Juan, as well as advancing its La Rosita gold and silver project at the Deseado Massif - Santa Cruz Province, in the Republic of Argentina. The Company also holds a 100% owned portfolio of selected early stage prospects, approximately 60,000 hectares distributed within the Provinces of Santa Cruz, Chubut and Rio Negro, in the Republic of Argentina.
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.
Contact
Minsud Resources Corp. Carlos A. Massa, President and Chief Executive Officer (+54) 11-4328-4067 cmassa@minsud.com
Minsud Resources Corp. Mike Johnston (+1) 416-479-4466 mike@minsud.com
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TORONTO, Oct. 3, 2013 - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") is pleased to announce that it has granted an aggregate of 580,000 incentive stock options under the Company's stock option plan, inclusive of an aggregate of 390,000 options issued to certain directors and officers. The options are exercisable at $0.10 per share, all of which shall vest one-quarter (1/4) on October 3, 2013, one-quarter (1/4) on April 3, 2014, one-quarter (1/4) on October 3, 2014, and one-quarter (1/4) on April 3, 2015, and shall be exercisable for a term of five years, in accordance with the Company's stock option plan. As of the date hereof, a total of 4,375,726 common shares of the Company are reserved for issuance under the Company's stock option plan, of which a total of 4,375,000 common shares are subject to options outstanding.
