Owner
Post by Franko10 ™ on Jan 28, 2005 22:57:56 GMT -5
Casavant Mining Kimberlite International Updates Shareholders on Most Frequently Asked Questions
Business Wire, Feb 24, 2003
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Feb. 24, 2003
-- FUGRO AIRBOURNE SURVEY
The Fugro Airbourne Survey is moving ahead with Fugro's GEOTEM. This is new proven technology used successfully in Alberta which will be utilized in Saskatchewan for the first time by us. Results will be announced daily starting this coming week as we begin to survey the 700,000 acres of immediately adjacent to the De Beers Claims, of approximately 1.9 million acres, including options in total. This expenditure of $ 956,540 Canadian, along with a small amount of expenditure on drilling will keep the claims current.
-- DRILLING PROGRAM
Any detected targets will be drilled immediately.
-- PROPOSED MERGER
The Company is moving ahead with its proposed merger talks. Once again Shareholders who approve the merger will have to surrender their certificates for certificates in the new entity to be announced.
The purpose of this reorganization is eventually to move the Company into a stronger position to enable it to consider moving ahead into the larger capital pools. The Company has put all previous proposals and contracts on hold until this is finalized.
The company presently intends to transfer any of its contractual obligations that it may wish to keep, all of which it currently it has on hold, to the new entity, with the CMKM shareholders becoming shareholders of the second company through an anticipated share exchange.
There is no guarantee, however, that this proposed transaction will be consummated, although it is anticipated and welcomed by the Board to identify actual shareholders of the corporation and also to eradicate any professional trading positions that may exist at this time in the Company's stock.
-- HOWARD BRONSON & COMPANY, NEW YORK
Howard Bronson is on a monthly retainer and is ready to work with us as a liaison with supporting brokers as soon as we are ready to go to New York with our Company reorganized to our satisfaction.
-- NEW INVESTOR RELATIONS
The company announces that PRINCETON RESEARCH, INC., HAS BEEN REPLACED BY:
INVESTOR RELATIONS
1489 W. Warm Springs Road, Suite 110
Henderson, NV 898014
Tel: 702/946 6746
Fax: 702/946 6767
James Kenny / Ginger Gutierrez
Monday to Friday 9 am to 4 pm
-- OTHER POINTS OF INTEREST
The change of CUSIP number and new trading symbol was dictated to us. We did request to keep CMKI, which we prefer and the old CUSIP number, but we understand that it is NASD policy to change these automatically where there is a name-change, so we had to change them.
Difficulty to pull up Casavant Mining Kimberlite International on EDGAR: Once again this is beyond our control since we do not run the Edgar database.
Shares: all insiders have restricted stock. Shares for the Canadian Claims are restricted. Shares for the Survey and Drilling Fund are restricted. All share positions were disclosed on the 14c filed recently, and prior to that the audited financial statements. Al restricted shares are for 2 years pursuant to Rule 144.
Proposed Pink Sheet Merger: this has also been put on hold until the Company reorganization is finalized.
Directors: The appointment of new directors pursuant to the majority shareholders meeting is also on hold pending completion of the reorganization.
Comments: We welcome your comments and wish to keep you completely informed and up to date on the affairs of the Company.
Forward Looking Statements
This press Release contains forward looking statements as that term is defined by Section 27A of the Securities Act of 1933, as Amended (the "Securities Act"), and section 21E of the Securities Act of 1934 as Amended (the "Exchange Act").
All statements that are included in the Press Release other than statements of historical fact are forward looking statements. Although Management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this Press Release.
COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group
Business Wire, Feb 24, 2003
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Feb. 24, 2003
-- FUGRO AIRBOURNE SURVEY
The Fugro Airbourne Survey is moving ahead with Fugro's GEOTEM. This is new proven technology used successfully in Alberta which will be utilized in Saskatchewan for the first time by us. Results will be announced daily starting this coming week as we begin to survey the 700,000 acres of immediately adjacent to the De Beers Claims, of approximately 1.9 million acres, including options in total. This expenditure of $ 956,540 Canadian, along with a small amount of expenditure on drilling will keep the claims current.
-- DRILLING PROGRAM
Any detected targets will be drilled immediately.
-- PROPOSED MERGER
The Company is moving ahead with its proposed merger talks. Once again Shareholders who approve the merger will have to surrender their certificates for certificates in the new entity to be announced.
The purpose of this reorganization is eventually to move the Company into a stronger position to enable it to consider moving ahead into the larger capital pools. The Company has put all previous proposals and contracts on hold until this is finalized.
The company presently intends to transfer any of its contractual obligations that it may wish to keep, all of which it currently it has on hold, to the new entity, with the CMKM shareholders becoming shareholders of the second company through an anticipated share exchange.
There is no guarantee, however, that this proposed transaction will be consummated, although it is anticipated and welcomed by the Board to identify actual shareholders of the corporation and also to eradicate any professional trading positions that may exist at this time in the Company's stock.
-- HOWARD BRONSON & COMPANY, NEW YORK
Howard Bronson is on a monthly retainer and is ready to work with us as a liaison with supporting brokers as soon as we are ready to go to New York with our Company reorganized to our satisfaction.
-- NEW INVESTOR RELATIONS
The company announces that PRINCETON RESEARCH, INC., HAS BEEN REPLACED BY:
INVESTOR RELATIONS
1489 W. Warm Springs Road, Suite 110
Henderson, NV 898014
Tel: 702/946 6746
Fax: 702/946 6767
James Kenny / Ginger Gutierrez
Monday to Friday 9 am to 4 pm
-- OTHER POINTS OF INTEREST
The change of CUSIP number and new trading symbol was dictated to us. We did request to keep CMKI, which we prefer and the old CUSIP number, but we understand that it is NASD policy to change these automatically where there is a name-change, so we had to change them.
Difficulty to pull up Casavant Mining Kimberlite International on EDGAR: Once again this is beyond our control since we do not run the Edgar database.
Shares: all insiders have restricted stock. Shares for the Canadian Claims are restricted. Shares for the Survey and Drilling Fund are restricted. All share positions were disclosed on the 14c filed recently, and prior to that the audited financial statements. Al restricted shares are for 2 years pursuant to Rule 144.
Proposed Pink Sheet Merger: this has also been put on hold until the Company reorganization is finalized.
Directors: The appointment of new directors pursuant to the majority shareholders meeting is also on hold pending completion of the reorganization.
Comments: We welcome your comments and wish to keep you completely informed and up to date on the affairs of the Company.
Forward Looking Statements
This press Release contains forward looking statements as that term is defined by Section 27A of the Securities Act of 1933, as Amended (the "Securities Act"), and section 21E of the Securities Act of 1934 as Amended (the "Exchange Act").
All statements that are included in the Press Release other than statements of historical fact are forward looking statements. Although Management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this Press Release.
COPYRIGHT 2003 Business Wire
COPYRIGHT 2003 Gale Group
