CHX Charger Energy Corp

NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Cash Minerals Ltd. (TSX VENTURE:CHX) ("Cash Minerals" or the "Corporation") is
pleased to announce that it intends increase the size of its previously
announced non-brokered private placement financing through the issuance of
40,000,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds
in the amount of $2,000,000 (the "Offering") (See Press Release dated August 5,
2009). Each Unit consists of one common share in the capital of the Corporation
and one common share purchase warrant (a "Warrant"). Each Warrant will entitle
the holder thereof to acquire one common share of the Corporation at an exercise
price of $0.10 for a 24 month period from the date of issue.


In addition, the Corporation is pleased to announce that Delano Capital Corp.
("Delano"), an Ontario limited market dealer, will act as a finder with respect
to the Offering. In consideration for its services the Corporation shall pay
Delano a cash finder's fee in an amount equal to 6% of the Units sold and shall
issue to Delano a finder's warrant, entitling the holder thereof to acquire that
number of common shares of the Corporation equal to 6% of the Units sold at an
exercise price of $0.05 for a period of 24 months following closing of the
private placement.


Cash Minerals intends to use the net proceeds from the financing for general
corporate purposes.


Closing of the Offering is subject to the receipt of standard regulatory
approvals including approval of the TSX Venture Exchange. The securities to be
issued are subject to a statutory hold period of four months and one day.


About Cash Minerals

Cash Minerals is a Canadian-based energy company focused on uranium and coal
exploration.


Forward-Looking Statement

Cautionary Note Regarding Forward-Looking Information - This press release
contains "forward looking information" within the meaning of applicable Canadian
securities legislation. Forward looking information includes, but is not limited
to, statements with respect to the future financial or operating performance of
the Company and its projects, the terms of the acquisition, the financing and
projected use of proceeds, exploration prospects, requirements for additional
capital and regulatory approvals. Generally, forward looking information can be
identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different
from those expressed or implied by such forward-looking information, including
but not limited to: financing not being available at desired prices; general
business, economic, competitive, political and social uncertainties; the actual
results of current exploration activities; timing and availability of external
financing on acceptable terms; conclusions of economic evaluations; competition;
future prices of mineral prices; failure of plant, equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of the mining
industry; and, delays in obtaining governmental approvals or required financing
or in the completion of activities. Although the Company has attempted to
identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward
looking information. The Company does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.

Charger Energy Corp (TSXV:CHX)
Gráfica de Acción Histórica
De Abr 2024 a May 2024

Charger Energy Corp (TSXV:CHX)
Gráfica de Acción Histórica
De May 2023 a May 2024