CHX Charger Energy Corp

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

Cash Minerals Ltd. ("Cash" or the "Company") (TSX VENTURE:CHX) announces a
financing involving the issuance of promissory notes (the "Notes") in an
aggregate principal amount of $2,000,000, subject to regulatory approval.
Amounts outstanding under the Notes shall accrue interest at a rate of 12% per
year, compounded and payable semi-annually, and shall be outstanding for a
period of two years from the date of issue. At the option of the Company, any
portion of the Notes may be repaid without early repayment penalties.


The proceeds from the Notes will be used to settle outstanding liabilities, to
fund limited exploration on its properties and for working capital expenses as
they occur.


The Company is reviewing its strategic alternatives. Strategic alternatives may
include, among other things, strategic acquisitions, asset divestitures,
operating partnerships or identifying additional capital sources. There is no
assurance that this process will result in any changes to the Company's current
strategic direction. The Company has decided not to pursue its previously
announced private placement financing (See Press Releases dated August 12, 2009
and August 5, 2009) at this time.


Forward-looking Information

Statements in this release that are not historical facts are "forward-looking
information" within the meaning of applicable securities law. Certain
information in this news release including the board's assessment of future
plans and operations, the ability of the Company to complete the debt financing,
the proposed use of proceeds, and the Company's plans regarding the settlement
of outstanding debts may constitute forward-looking information. Such
information necessarily involves risks including, without limitation, risks
associated with inability to attract required financing at attractive prices,
and delays resulting from or inability to obtain required regulatory approvals.
Readers are cautioned that any such statements are not guarantees of future
performance and that actual developments or results may vary materially from
those in these "forward-looking information".

Grafico Azioni Charger Energy Corp (TSXV:CHX)
Storico
Da Apr 2024 a Mag 2024

Grafico Azioni Charger Energy Corp (TSXV:CHX)
Storico
Da Mag 2023 a Mag 2024