Post by rwctrader2004 on Oct 7, 2004 1:03:58 GMT -5
LAS VEGAS--(BUSINESS WIRE)--Sept. 24, 2004--CMKM Diamonds Inc. (Pink Sheets: CMKX - News) announced that the dividend of U.S. Canadian Minerals Inc. stock will be paid on Oct. 6, 2004, rather than today. "The delay was because of the enormous amount of administrative work that needs to be done by the transfer agents for both companies in order to make that distribution," said Urban Casavant, the company's chief executive officer. "We do not anticipate any further delays in paying the dividend." The record date for the dividend remains unchanged.
Rendall Williams, CEO of UCAD, stated, "Through the suggestion of management of CMKX and their corporate attorney, D. Roger Glenn, UCAD's management has agreed to issue additional shares for the round-up process for this distribution. UCAD has agreed to issue additional shares so all CMKX shareholders can take part in this distribution." Williams continued, "The relationship with CMKX shareholders is a welcome addition to our new family."
Glenn said, "The company's accountants are working to complete the audit of the company's financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again."
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.
Further developments and other information on the company may be viewed at our Web site, www.casavantmining.com.
Rendall Williams, CEO of UCAD, stated, "Through the suggestion of management of CMKX and their corporate attorney, D. Roger Glenn, UCAD's management has agreed to issue additional shares for the round-up process for this distribution. UCAD has agreed to issue additional shares so all CMKX shareholders can take part in this distribution." Williams continued, "The relationship with CMKX shareholders is a welcome addition to our new family."
Glenn said, "The company's accountants are working to complete the audit of the company's financial statements. When that has been accomplished, the company will be well on its way to becoming a reporting company again."
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.
Further developments and other information on the company may be viewed at our Web site, www.casavantmining.com.