Cash Minerals Ltd acquired the entire share capital of Tau Mining Ltd, a platinum and nickel mining company, from Dynamite Resources Ltd. In consideration thereof, Cash Minerals has issued 22,750,000 common shares of Cash Minerals (the "Cash Shares") and 11,375,000 common share purchase warrants of Cash Minerals (the "Cash Warrants") (the Cash Shares and Cash Warrants collectively referred to as the "Cash Securities") to Dynamite. Each Cash Warrant entitles the holder thereof to acquire one Cash Share at an exercise price of $0.10 at any time prior to May 5, 2011. The Cash Securities have been distributed to Dynamite shareholders as at the close of business on May 5, 2009 as part of the plan of arrangement between Dynamite and Avion Resources Corp. that was completed on May 6, 2009 (See Dynamite Press Releases dated May 6, 2009 and March 19, 2009.
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