Minsud Announces Closing of Over-Subscribed Private Placement

Minsud Resources Corp. successfully completed an over-subscribed non-brokered private placement, raising gross proceeds of $1,030,000 through the issuance of 2,060,000 common shares at $0.50 per share. The financing was announced in March 2026 and closed in April, demonstrating strong investor interest as evidenced by the over-subscription.

The proceeds will be allocated toward continued exploration activities at the company's flagship Chita Valley Project, a multi-metal copper-molybdenum-gold-silver-lead-zinc property located in San Juan Province, Argentina. Additional funds will support working capital and corporate overhead requirements. Notably, company insiders participated significantly in the financing, subscribing for 744,000 shares, representing approximately 36% of the total offering and demonstrating management's confidence in the project.

The transaction structure was clean, with no commissions or finder's fees paid, maximizing the capital available for exploration activities. The shares are subject to a standard four-month hold period, and the placement remains subject to final TSX Venture Exchange approval. The company properly navigated related party transaction requirements under MI 61-101, utilizing available exemptions for transactions below 25% of market capitalization.

This successful financing positions Minsud to advance exploration at Chita Valley, a project targeting multiple commodities including copper and molybdenum, which are increasingly important in the global energy transition. The over-subscription indicates strong market confidence in the company's exploration strategy in Argentina's established mining jurisdiction of San Juan Province.