TORONTO, ONTARIO--(Marketwire - Aug. 17, 2012) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") is pleased to announce that it has granted an aggregate of 510,000 incentive stock options under the Company's stock option plan, inclusive of an aggregate of 315,000 options issued to certain directors and officers. The options are exercisable at $0.19 per share, all of which shall vest one-quarter (1/4) on August 17, 2012, one-quarter (1/4) on February 17, 2013, one-quarter (1/4) on August 17, 2013 and one-quarter (1/4) on February 17, 2014, 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 3,973,826 common shares of the Company are reserved for issuance under the Company's stock option plan, of which a total of 3,870,000 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 San Juan Province, as well as advancing its La Rosita gold and silver project at the Deseado Massif - Santa Cruz Province, República 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, República 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 Information:
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