TORONTO, May 11, 2023 /CNW/ - Minsud Resources Corp. (TSXV: MSR) ("Minsud" or the "Company") is pleased to announce that it has granted an aggregate of 5,300,000 incentive stock options under the Company's stock option plan, out of which an aggregate of 4,000,000 options were granted to certain directors and the Chief Executive Officer of the Company. The options are exercisable at price of $0.696 per share, expire on May 11, 2028 and will be subject to the following vesting terms: one-quarter (1/4) shall vest on May 11, 2023, one-quarter shall vest (1/4) on November 11, 2023, one-quarter (1/4) shall vest on May 11, 2024, and the balance shall vest on November 11, 2024. As of the date hereof, a total of 16,389,069 common shares of the Company are reserved for issuance under the Company's stock option plan and, after this new grant 12,726,000 options will be outstanding.
Minsud is a mineral exploration company focused on exploring its flagship Chita Valley Cu-Mo- Au-Ag-Pb-Zn Project, in the Province of San Juan, Argentina. The Company also holds a 100% owned portfolio of selected early-stage prospects, including 6,000 ha 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.
