Minsud Resources (TSE:MSR) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Minsud Resources Corp. announces the completion of a strategic transaction in which it has issued a majority stake of 50.1% in its Argentinian subsidiary, Minera Sud Argentina S.A., to South32, in exchange for C$27 million in capital contributions. This move aligns with the previously agreed upon terms and furthers the development of the Chita Valley Project. Additionally, Minsud has exercised a call right to acquire additional shares from Compañía de Tierras Sud Argentino S.A., solidifying its investment in the project.
For further insights into TSE:MSR stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money