May 12, 2014 15:50 ET
TORONTO, ONTARIO--(Marketwired - May 12, 2014) - Minsud Resources Corp. ("Minsud" or the "Company") (TSX VENTURE:MSR) is pleased to announce that it has granted an aggregate of 1,040,000 incentive stock options under the Company's stock option plan, inclusive of an aggregate of 710,000 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 May 12, 2014, one-quarter (1/4) on November 12, 2014, one-quarter (1/4) on May 12, 2015, and one-quarter (1/4) on November 12, 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 5,415,000 common shares of the Company are outstanding and reserved for issuance under the Company's stock option plan.
About Minsud Resources Corp.:
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Au-Ag-Cu Project, in the Province of San Juan, Argentina. The Company also holds a 100% owned portfolio of selected early stage prospects, including 28,000 has in Santa Cruz Province, 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.
Minsud Resources Corp.Carlos A. MassaPresident and Chief Executive Officer(+54) firstname.lastname@example.orgMinsud Resources Corp.Mike Johnston(+1) email@example.com
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