Post by rwctrader2004 on Aug 14, 2004 20:19:16 GMT -5
CMKM Diamonds, Inc., to invest in Casavant International Mining, Inc. Declares Dividend For Shareholders
LAS VEGAS, Jul 19, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) has agreed to invest US$1,000,000 in Casavant International Mining referred to as (CIM). CMKM Diamonds,Inc. will receive in return a 10% lifetime royalty on all mineral claims of CIM , specifically including the George Lake Zinc Deposit, (http://www.ir.gov.sk.ca/dbsearch/MinDepositQuery/Default.asp?ID=0663) In addition to the zinc deposit royalty CMKM Diamonds, Inc. will also receive 40 billion shares of CIM stock which CMKM Diamonds, Inc. will distribute pro rata as a dividend to all CMKM shareholders of record on August 31, 2004.
Ron Casavant CEO, and Dave Desormeau Secretary/Treasurer, of Casavant International Mining (CIM) said, "The company plans to utilize these funds to initiate a drill program to re-evaluate the known reserves of the George Lake Zinc Deposit and to establish a course of action for the project. The company also plans to become a publicly-reporting company." More details will be released in future news releases.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.
SOURCE: CMKM Diamonds, Inc.
LAS VEGAS, Jul 19, 2004 (BUSINESS WIRE) -- CMKM Diamonds, Inc. (Pink Sheets:CMKX) has agreed to invest US$1,000,000 in Casavant International Mining referred to as (CIM). CMKM Diamonds,Inc. will receive in return a 10% lifetime royalty on all mineral claims of CIM , specifically including the George Lake Zinc Deposit, (http://www.ir.gov.sk.ca/dbsearch/MinDepositQuery/Default.asp?ID=0663) In addition to the zinc deposit royalty CMKM Diamonds, Inc. will also receive 40 billion shares of CIM stock which CMKM Diamonds, Inc. will distribute pro rata as a dividend to all CMKM shareholders of record on August 31, 2004.
Ron Casavant CEO, and Dave Desormeau Secretary/Treasurer, of Casavant International Mining (CIM) said, "The company plans to utilize these funds to initiate a drill program to re-evaluate the known reserves of the George Lake Zinc Deposit and to establish a course of action for the project. The company also plans to become a publicly-reporting company." More details will be released in future news releases.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.
SOURCE: CMKM Diamonds, Inc.