Cash Minerals Elects Not to Complete an Option Agreement on the North Thelon Property-Nunavut With Forum Uranium
16 Juni 2010 - 12:16AM
Marketwired
Cash Minerals Ltd. (TSX VENTURE: CHX) and Forum Uranium Corp. (TSX
VENTURE: FDC) announce that the Heads of Agreement on the North
Thelon Property 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 termination of
the proposed acquisition, 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: Cash Minerals Ltd. Doug Currie President & CEO (416)
861-5931 info@cashminerals.com
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