Owner
Post by Franko10 ™ on Mar 4, 2005 11:50:21 GMT -5
..no..box..trading..
www.noboxtrading.com/cmkm/jv.htm
*Uranium with United Carina Resources Corp. On October 8th, 2004, CMKM and United Carina Resources Corp. announced that CMKM can earn a 50% interest United Carina Resources' recently acquired uranium properties in the Athabaska Basin area of northern Saskatchewan. The terms of the agreement call for CMKM to pay $100,000 on signing and spend $500,000 on exploration during the first year. A further $100,000 is payable on the first anniversary of the agreement and $750,000 is to be spent during the second year.
*Zinc Joint Venture with Casavant International Mining. On July 19th, 2004, CMKM 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. CMKM also received 40 billion shares of CIM stock which it issued as pro-rata dividend to its shareholders.
*Diamond Property interest with Nevada Minerals. On July 26th, 2004, CMKM announced it had agreed to acquire a 60%, undivided interest in 500,000 acres of potential Kimberlite mineral property in Saskatchewan, Canada. The property is currently owned by Nevada Minerals Inc. The property is being developed by a joint venture between Nevada Minerals Inc. and U.S. Canadian Minerals Inc. CMKM acquired the interest in the property in exchange for 75 billion shares of CMKM stock, but then later bought back all the stock in exchange for 2.2 million dollars (2 million of which is a note payable in one year.)
*Diamond Property Interest with United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. On March 22nd, 2004, CMKM Diamonds announced it had acquired a 25% interest in twenty-seven (27) mineral claims named the Smeaton Property in Saskatchewan. for $50,000 US dollars. CMKM became the operator of the property and was required to spend an aggregate of $200,000 Cdn. on a program of exploration and development on the property on or before March 31, 2005. United Carina retained 25% interest and Consolidated Pine Channel Gold Corp. also retained 25% interest. The remainding 25% interest was optioned out to US Canadian Minerals.
The claims can be viewed here.
*St. George Metals, Inc purchased 5% interest of all CMKM Claims. On September 2nd, 2004, St. George Metals agreed to purchase 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc. St. George Metals paid 10 million US Dollars and two hundred billion shares of their stock for the interest.
*U.S. Canadian Minerals has purchased a 14% interest of all CMKM Claims On July 18th, 2004, U.S. Canadian Minerals reached a purchase agreement with CMKM Diamonds whereas U.S. Candadian Minerals would pay CMKM 7.5 million shares of U.S. Canadian Minerals common stock. CMKM then issued these shares a dividend to its shareholders.
Additionally in the agreement, USCA had the option to earn an additional 10% interest in all CMKM claims in exchange for 15 million US Dollars. As of U.S. Canadian Minerals last 10-Q they have exercised 9% of the 10% option for 13.5 million US Dollars.
*U.S. Canadian Minerals has agreement for 20% revenue from CMKM's Gold Mine. Sometime before October 2004, U.S. Canadian Minerals reached an agreement with CMKM diamonds pursuant to which CMKM diamonds must use the Yellow river processing plant to extract the gold from the ore from CMKM's producing mine shaft, "The American Mine," except to the extent the production of such ore exceeds the processing plant's capacity. CMKM diamonds pays Nevada Minerals a fee equal to 20% of the revenues from that mine.
(Per U.S. Canadian Minerals 10-Q filed on November 16th, 2004)
*United Carina Resources, Consolidated Pine Channel Gold, and Shane Resources (hereafter "the JVs") purchased a 10% interest in 82 CMKM claims in Saskatchewan. On September 19th, 2003, the JVs reached and agreement to pay $900,000 in funding in exchange for a 10% undivided interest each in 82 claims held by CMKM Diamonds. These claims were laterd referred to as "85 seperate magnetic anomolies" in a SEDAR filing by United Carina Resources.
www.noboxtrading.com/cmkm/jv.htm
*Uranium with United Carina Resources Corp. On October 8th, 2004, CMKM and United Carina Resources Corp. announced that CMKM can earn a 50% interest United Carina Resources' recently acquired uranium properties in the Athabaska Basin area of northern Saskatchewan. The terms of the agreement call for CMKM to pay $100,000 on signing and spend $500,000 on exploration during the first year. A further $100,000 is payable on the first anniversary of the agreement and $750,000 is to be spent during the second year.
*Zinc Joint Venture with Casavant International Mining. On July 19th, 2004, CMKM 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. CMKM also received 40 billion shares of CIM stock which it issued as pro-rata dividend to its shareholders.
*Diamond Property interest with Nevada Minerals. On July 26th, 2004, CMKM announced it had agreed to acquire a 60%, undivided interest in 500,000 acres of potential Kimberlite mineral property in Saskatchewan, Canada. The property is currently owned by Nevada Minerals Inc. The property is being developed by a joint venture between Nevada Minerals Inc. and U.S. Canadian Minerals Inc. CMKM acquired the interest in the property in exchange for 75 billion shares of CMKM stock, but then later bought back all the stock in exchange for 2.2 million dollars (2 million of which is a note payable in one year.)
*Diamond Property Interest with United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. On March 22nd, 2004, CMKM Diamonds announced it had acquired a 25% interest in twenty-seven (27) mineral claims named the Smeaton Property in Saskatchewan. for $50,000 US dollars. CMKM became the operator of the property and was required to spend an aggregate of $200,000 Cdn. on a program of exploration and development on the property on or before March 31, 2005. United Carina retained 25% interest and Consolidated Pine Channel Gold Corp. also retained 25% interest. The remainding 25% interest was optioned out to US Canadian Minerals.
The claims can be viewed here.
*St. George Metals, Inc purchased 5% interest of all CMKM Claims. On September 2nd, 2004, St. George Metals agreed to purchase 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc. St. George Metals paid 10 million US Dollars and two hundred billion shares of their stock for the interest.
*U.S. Canadian Minerals has purchased a 14% interest of all CMKM Claims On July 18th, 2004, U.S. Canadian Minerals reached a purchase agreement with CMKM Diamonds whereas U.S. Candadian Minerals would pay CMKM 7.5 million shares of U.S. Canadian Minerals common stock. CMKM then issued these shares a dividend to its shareholders.
Additionally in the agreement, USCA had the option to earn an additional 10% interest in all CMKM claims in exchange for 15 million US Dollars. As of U.S. Canadian Minerals last 10-Q they have exercised 9% of the 10% option for 13.5 million US Dollars.
*U.S. Canadian Minerals has agreement for 20% revenue from CMKM's Gold Mine. Sometime before October 2004, U.S. Canadian Minerals reached an agreement with CMKM diamonds pursuant to which CMKM diamonds must use the Yellow river processing plant to extract the gold from the ore from CMKM's producing mine shaft, "The American Mine," except to the extent the production of such ore exceeds the processing plant's capacity. CMKM diamonds pays Nevada Minerals a fee equal to 20% of the revenues from that mine.
(Per U.S. Canadian Minerals 10-Q filed on November 16th, 2004)
*United Carina Resources, Consolidated Pine Channel Gold, and Shane Resources (hereafter "the JVs") purchased a 10% interest in 82 CMKM claims in Saskatchewan. On September 19th, 2003, the JVs reached and agreement to pay $900,000 in funding in exchange for a 10% undivided interest each in 82 claims held by CMKM Diamonds. These claims were laterd referred to as "85 seperate magnetic anomolies" in a SEDAR filing by United Carina Resources.
