By Sheri Kasprzak
New York, July 11 - Cash Minerals Ltd. said it has completed a private placement for C$3,045,499.
The company sold 8,701,428 flow-through units at C$0.35 each.
The units include one flow-through share and one half-share warrant. The whole warrants allow for the purchase of an additional flow-through share at C$0.40 each through July 11, 2006.
Pacific International Securities Inc. was the placement agent.
The company also completed a non-brokered offering for C$75,000.
Cash sold 250,000 common units at C$0.30 each on a non-brokered basis. Those units include one share and one half-share warrant. The full warrants provide for an additional share at C$0.45 each through July 11, 2006.
The two offerings were first announced June 9 as a C$4 million private placement combined. The deal included 8,571,428 flow-through units under the same terms and 3,333,333 non flow-through units under the same terms.
Based in Toronto, Cash is a mineral exploration company. The proceeds will be used for exploration on the company's coal and uranium properties in the Yukon and for general corporate purposes.
| Issuer: | Cash Minerals Ltd.
|
| Issue: | Flow-through units of one share and one half-share warrant
|
| Amount: | C$3,045,499
|
| Shares: | 8,701,428
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | July 11, 2006
|
| Warrant strike price: | C$0.40
|
| Placement agent: | Pacific International Securities Inc.
|
| Pricing date: | June 9
|
| Settlement date: | July 11
|
| Stock price: | C$0.30 at close June 9
|
| Stock price: | C$0.27 at close July 11
|
|
|
| Issue: | Non flow-through units of one share and one half-share warrant
|
| Amount: | C$75,000
|
| Units: | 250,000
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.45
|
|
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