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Post by Franko10 ™ on Jan 28, 2005 23:00:42 GMT -5
Casavant Mining Kimberlite International Announces Proposed Preferred Share Issuance and Spin Out of Subsidiary
Business Wire, March 10, 2003
Business Editors
LAS VEGAS--(BUSINESS WIRE)--March 10, 2003
Casavant Mining Kimberlite International, Las Vegas, (OTCBB:CMKM) is pleased to announce that:
The Board of Directors of CMKM announced today the approval of a plan to spin-out Casavant International Mining Corporation, a wholly owned subsidiary of CMKM which owns zinc depositories. CMKM shall issue 1 preferred share for every 10,000 shares of CMKM for the purposes of completing the spin-out. The transaction will be completed, pending shareholder approval and SEC registration requirements.
The Board of Directors consider that the spin-out of Casavant International Mining Corporation will be in the best interest of the Company and its shareholders. CMKM and its officers and directors will be better able to focus on the diamond claims it currently holds, while the new Company will be able to focus on the zinc claims.
Investor Relations
1489 West Warm Springs Road, Suite 110
Las Vegas, Nevada 89014
Tel: 702/946-6746 Fax: 702/946-6767
Contact persons: Mr. James Kenny/ Ms. Ginger Gutierrez
The investor relations office is open 9 am to 4pm Monday through Friday.
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, March 10, 2003
Business Editors
LAS VEGAS--(BUSINESS WIRE)--March 10, 2003
Casavant Mining Kimberlite International, Las Vegas, (OTCBB:CMKM) is pleased to announce that:
The Board of Directors of CMKM announced today the approval of a plan to spin-out Casavant International Mining Corporation, a wholly owned subsidiary of CMKM which owns zinc depositories. CMKM shall issue 1 preferred share for every 10,000 shares of CMKM for the purposes of completing the spin-out. The transaction will be completed, pending shareholder approval and SEC registration requirements.
The Board of Directors consider that the spin-out of Casavant International Mining Corporation will be in the best interest of the Company and its shareholders. CMKM and its officers and directors will be better able to focus on the diamond claims it currently holds, while the new Company will be able to focus on the zinc claims.
Investor Relations
1489 West Warm Springs Road, Suite 110
Las Vegas, Nevada 89014
Tel: 702/946-6746 Fax: 702/946-6767
Contact persons: Mr. James Kenny/ Ms. Ginger Gutierrez
The investor relations office is open 9 am to 4pm Monday through Friday.
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
