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Post by Franko10 ™ on Jan 28, 2005 23:29:40 GMT -5
Casavant Mining Kimberlite International Clarifies Payable Date for CMKM Stock Split and Dates of Record for CMI Spin-out
- PR Newswire
LAS VEGAS, Aug 22, 2003 /PRNewswire-FirstCall via COMTEX/ -- Urban Casavant, President of Casavant Mining Kimberlite International would like to clarify that the payable date for the 2-1 forward stock split will be Monday September 29, 2003. This means that all shareholders who hold CMKM stock through close of market Friday September 12, 2003 will receive one additional CMKM share of stock for every share that they hold through September 12, 2003 the X dividend date, and be paid extra shares by September 29, 2003.
Casavant Mining Kimberlite International Board of directors have also approved the spin-out of the corporate zinc deposits at George Lake, Saskatchewan, its wholly owned subsidiary Casavant Mining International, Inc. (CMI). Shareholders of record who hold CMKM stock through close of market on Friday September 19, 2003 will receive one share of CMI stock for every share of CMKM stock that they hold through this date. The payable date for the CMI shares of stock will be Friday October 3, 2003. CMKM shareholders of record at the time will receive one share in CMI stock for every share they hold and will continue to own their CMKM stock. This spin-out will enable CMKM to concentrate on diamond exploration and development at Forte a la Corne, Saskatchewan.
If shareholders sell their CMKM stock before September 12, 2003 or September 19, 2003 they will forfeit their rights to receive dividends for CMKM stock split or CMI stock.
Drilling information will also be released shortly.
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 risk 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 Casavant Mining Kimberlite International
Melvin O'Neil of Casavant Mining Kimberlite International,
Diamonds Hotline, +1-306-752-3755, +1-877-752-3755, fax, +1-306-752-3754,
ipr@sasktel.net
(CMKM)
Copyright (C) 2003 PR Newswire. All rights reserved.
- PR Newswire
LAS VEGAS, Aug 22, 2003 /PRNewswire-FirstCall via COMTEX/ -- Urban Casavant, President of Casavant Mining Kimberlite International would like to clarify that the payable date for the 2-1 forward stock split will be Monday September 29, 2003. This means that all shareholders who hold CMKM stock through close of market Friday September 12, 2003 will receive one additional CMKM share of stock for every share that they hold through September 12, 2003 the X dividend date, and be paid extra shares by September 29, 2003.
Casavant Mining Kimberlite International Board of directors have also approved the spin-out of the corporate zinc deposits at George Lake, Saskatchewan, its wholly owned subsidiary Casavant Mining International, Inc. (CMI). Shareholders of record who hold CMKM stock through close of market on Friday September 19, 2003 will receive one share of CMI stock for every share of CMKM stock that they hold through this date. The payable date for the CMI shares of stock will be Friday October 3, 2003. CMKM shareholders of record at the time will receive one share in CMI stock for every share they hold and will continue to own their CMKM stock. This spin-out will enable CMKM to concentrate on diamond exploration and development at Forte a la Corne, Saskatchewan.
If shareholders sell their CMKM stock before September 12, 2003 or September 19, 2003 they will forfeit their rights to receive dividends for CMKM stock split or CMI stock.
Drilling information will also be released shortly.
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 risk 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 Casavant Mining Kimberlite International
Melvin O'Neil of Casavant Mining Kimberlite International,
Diamonds Hotline, +1-306-752-3755, +1-877-752-3755, fax, +1-306-752-3754,
ipr@sasktel.net
(CMKM)
Copyright (C) 2003 PR Newswire. All rights reserved.
