Cash Minerals Changes Name to Pitchblack Resources Ltd. and Completes Share Consolidation
24 June 2010 - 9:00PM
Marketwired
Cash Minerals Ltd. (TSX VENTURE: CHX) is pleased to announce that
pursuant to a special resolution passed by the shareholders of the
Company at its annual and general meeting held on June 10, 2010,
the Company has consolidated its common shares on the basis of one
new common share for every twenty old common shares held and has
changed its name to "Pitchblack Resources Ltd.". Effective June 25,
2010, the common shares of the Company will commence trading on the
TSX Venture Exchange on a consolidated basis under the name
"Pitchblack Resources Ltd." with the new trading symbol "PIT".
Equity Transfer & Trust Company, the Company's transfer
agent, will act as agent for the purposes of implementing the
exchange of share certificates. Transmittal forms have been mailed
to shareholders of record as of May 10, 2010, included as part of
the proxy materials sent to shareholders. The letter of transmittal
will also be accessible under the SEDAR profile of the Company at
www.sedar.com.
In addition, the Company announces that the Heads of Agreement
with East Asian Minerals Corporation for the purchase of a 100%
interest in EAM Exploration LLC has been terminated.
Cash Minerals has uranium, coal and gold assets in the Yukon
Territory, Canada. The Company is currently reviewing the potential
of these properties but does not plan any extensive field work in
2010 and may seek to sell its interest in the properties.
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, its subsidiaries and its projects, the effect of the
share consolidation, the termination of the proposed agreement,
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.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
Contacts: To register for distribution for future press
releases: Doug Currie President & CEO info@cashminerals.com
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