Business News • MarketWire • Minsud Announces Non-Brokered Private Placement |
Minsud Announces Non-Brokered Private Placement |
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Minsud Announces Non-Brokered Private Placement
TORONTO, ONTARIO--(Marketwired - Jan. 22, 2014) - Minsud Resources Corp. (TSX VENTURE:MSR) ("Minsud" or the "Company") announces that it intends to carry out, subject to the approval of the TSX Venture Exchange (the "TSXV"), a non-brokered private placement of units of the Company ("Units") for gross proceeds of up to $1,200,000 (the "Private Placement") at $0.10 per Unit, with each Unit consisting of one common share of the Company (each, a "Share") and one common share purchase warrant (a "Warrant"), with each Warrant exercisable into one Share at $0.35 for a term of two years from the date of issue. The net proceeds will be used by the Company for financing a diamond drilling program of 1,000 to 1,500 meters at the Chita South porphyry target, option payments relating to the Company's material properties and for general working capital purposes.
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