Minsud Resources (TSE:MSR) has released an update.
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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.
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