Cash Minerals Announces Private Placement Financing.TORONTO -- CASH MINERALS LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CHX See Chicago Stock Exchange. CHX See Chicago Stock Exchange (CHX). ) is pleased to announce that it plans to raise approximately $4 million by way of a brokered private placement. Approximately $3 million will be raised through the issuance of Flow Through Units priced at $0.35 and approximately $1 million will be raised through the issuance of Units priced at $0.30, subject to regulatory approval. Pacific International Securities Inc. is acting as agent on a best efforts basis in connection with the financing. The agent has been granted an option to increase the deal size by 20%, exercisable until closing. Closing is expected to occur on or about July 7, 2005. Each Flow Through Unit will consist of one Flow Through Share and one half of one Flow Through Share Purchase Warrant. Each whole Flow Through Share Purchase Warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to purchase one additional Flow Through Share, at $0.60, for a period of 12 months following the closing date. Each Unit will consist of one Common Share and one half of one Common Share Purchase Warrant. Each whole Common Share Purchase Warrant will entitle the holder to purchase one additional Common Share, at $0.45, for a period of 12 months following the closing date. The agent will receive a commission of 6.0% of the gross proceeds raised in this private placement, as well as broker warrants entitling it to purchase a number of Common Shares at $0.40 equal to 6.0% of the number of Units and Flow Through Units issued in connection with the financing. The proceeds of the Offering will be used to fund exploration of the Company's coal and uranium assets in the Yukon, and for general corporate purposes. This news release does not constitute an offer to sell or a solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to sell any of the securities in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws an may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registrations is available. Cash Minerals - An emerging Energy Resource Company Cash Minerals Ltd. is an emerging energy resource company listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "CHX". The Company has coal assets and uranium exploration properties in the Yukon Territory Yukon Territory, territory (2001 pop. 28,674), 207,076 sq mi (536,327 sq km), NW Canada. Geography and Climate The triangle-shaped Yukon territory is bordered on the N by the Beaufort Sea of the Arctic Ocean, on the E by the Northwest Territories, . THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Cash Minerals Ltd. (TSX VENTURE:CHX) |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion