Minsud ResourcesCorp. said March 31 that it is aiming to raise up to C$1 million at10 cents per unit in a nonbrokered private placement to advance its copper project in Argentina.

Each unit will include one common share and one common sharepurchase warrant, with the warrant holder able to acquire one share for 35 centswithin a two-year window. Minsud will be able to accelerate the expiry date of thewarrants if its stock price exceeds 35 cents per share for 20 consecutive days.

Minsud will pay no commission or finder's fee in connection withthe private placement. The placement is expected to be completed within 30 days.