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| Home : Minsud Completes Option Payment in Shares and First Addendum to the Option Agreement Regarding the Brechas Vacas Property in San Juan, Argentina |
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Jan 06
2014 |
Minsud Completes Option Payment in Shares and First Addendum to the Option Agreement Regarding the Brechas Vacas Property in San Juan, Argentina |
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TORONTO, ONTARIO--(Marketwired - Jan. 6, 2014) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") announces that it has completed a shares for debt transaction after receiving the approval of the TSX Venture Exchange. As part of an option agreement (the "Option Agreement") with the 50% owners of a trust (the "Trust") that holds a 100% interest in the Brechas Vacas property (the "BV Owners"), Minsud has issued 210,000 common shares at a deemed price of C$0.10 per share in settlement of a US$20,000 option payment with the BV Owners. The common shares are subject to a four month hold period expiring on May 7, 2014. In addition, Minera Sud Argentina S.A ("MSA"), the Company's indirect 98.3% owned operating subsidiary in Argentina, made a cash payment of US$20,000 to the BV Owners in accordance with the terms of the Option Agreement. MSA is the owner of the other 50% of the Trust. |
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| Source:http://www.marketwired.com/mw/release.do?id=1866334&sourceType=3 |
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