Brief: Minsud And South32 Sign An Earn-In Agreement To Explore The Chita Valley Project

Minsud Resources

04/11/2019 19:46

Nov 4 (Reuters) - Minsud Resources Corp  MSR.V :
    * MINSUD AND SOUTH32 SIGN AN EARN-IN AGREEMENT TO EXPLORE
THE
CHITA VALLEY PROJECT
    * MINSUD RESOURCES CORP - EARN-IN AGREEMENT GRANTS TO
SOUTH32
RIGHT TO ACQUIRE UP TO A 50.1% DIRECT INTEREST IN MSA AT END OF
EARN-IN PERIOD
    * MINSUD RESOURCES CORP -  SOUTH32 WILL PROVIDE UP TO C$14
MILLION
IN CAPITAL CONTRIBUTIONS TO MSA OVER A PERIOD OF 4 YEARS
    * MINSUD RESOURCES CORP - MSA WILL BE OPERATOR AND PARTIES
WILL
ESTABLISH A TECHNICAL COMMITTEE MADE UP OF TWO MEMBERS NOMINATED
BY EACH PARTY
    * MINSUD RESOURCES CORP - SOUTH32 WILL HAVE CASTING VOTE ON
TECHNICAL COMMITTEE

Source text for Eikon:  ID:nCNWB2tWra 
Further company coverage:  MSR.V 

 ((Reuters.Briefs@thomsonreuters.com;))