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Post by Franko10 ™ on Jan 28, 2005 23:39:33 GMT -5
Casavant Mining Kimberlite International X Dividend Date September 19, 2003 For Zinc Spin-Out.
- BusinessWire
LAS VEGAS, Sept 19, 2003 (BUSINESS WIRE) -- Casavant Mining Kimberlite International (Pink Sheets:CMKM) The Board of Directors have 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 Fort a la Corne, Saskatchewan.
Urban Casavant shall remain as president during the interim until a suitable candidate has been selected to operate the zinc mining and exploration company. CMI has plans to launch a substantial drilling and exploration program at George Lake which is expected to start early 2004. At this time the zinc claims will remain an asset of the Company. CMI reserves the right to option the George Lake Claims out to develop the property as the location is favorable for mining and within approx. 60 miles of an existing smeltering plant.
Casavant Mining Zinc Claims Overview
The Company also has zinc claims that include the original George Lake zinc deposit (also known as Brakewell Lake). The George Lake area has had numerous diamond drilling, airborne electro magnetic surveying, geological, magnetometor, surficial geology and soil sample surveys conducted on these claims, from the late 1960's, to the early 1990's, after diamond drilling was completed in 1969 to 1970, an ore reserve calculation was released and recorded on Saskatchewan mineral deposit index #0663 of the Saskatchewan industry and resources website. The ore reserve was stated and estimated to be 5,000,000 tons of low grade reserves at 1% to 2.65% and 2,900,000 tons high grade reserves at 2% to 3.67%.
This information was taken from a third party from a mineral property report from the Saskatchewan industry resources website, therefore, it cannot be guaranteed that this information is, in fact, accurate and can be accessed by going to www.ir.gov.sk.ca (click) department data bases, (click) mineral resource data bases, (click) Saskatchewan mineral deposit index, (click) search the mineral deposit index, (enter) 0663 in smdi field and (enter) George Lake in location field and (press) submit. (http://www.ir.gov.sk.ca/dbsearch/MinDepositQuery/Default.asp?ID=0663)
There is no guarantee that drilling or further exploration will produce any economic benefit to the company or the shareholders of the company.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not 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.
Copyright (C) 2003 Business Wire. All rights reserved.
SOURCE: Casavant Mining Kimberlite International
Casavant Mining Kimberlite International
Diamonds Hotline
Melvin O'Neil, 306-752-3755
Toll free in U.S./Canada: 877-752-3755
Fax: 306-752-3754
E-mail: ipr@sasktel.net
- BusinessWire
LAS VEGAS, Sept 19, 2003 (BUSINESS WIRE) -- Casavant Mining Kimberlite International (Pink Sheets:CMKM) The Board of Directors have 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 Fort a la Corne, Saskatchewan.
Urban Casavant shall remain as president during the interim until a suitable candidate has been selected to operate the zinc mining and exploration company. CMI has plans to launch a substantial drilling and exploration program at George Lake which is expected to start early 2004. At this time the zinc claims will remain an asset of the Company. CMI reserves the right to option the George Lake Claims out to develop the property as the location is favorable for mining and within approx. 60 miles of an existing smeltering plant.
Casavant Mining Zinc Claims Overview
The Company also has zinc claims that include the original George Lake zinc deposit (also known as Brakewell Lake). The George Lake area has had numerous diamond drilling, airborne electro magnetic surveying, geological, magnetometor, surficial geology and soil sample surveys conducted on these claims, from the late 1960's, to the early 1990's, after diamond drilling was completed in 1969 to 1970, an ore reserve calculation was released and recorded on Saskatchewan mineral deposit index #0663 of the Saskatchewan industry and resources website. The ore reserve was stated and estimated to be 5,000,000 tons of low grade reserves at 1% to 2.65% and 2,900,000 tons high grade reserves at 2% to 3.67%.
This information was taken from a third party from a mineral property report from the Saskatchewan industry resources website, therefore, it cannot be guaranteed that this information is, in fact, accurate and can be accessed by going to www.ir.gov.sk.ca (click) department data bases, (click) mineral resource data bases, (click) Saskatchewan mineral deposit index, (click) search the mineral deposit index, (enter) 0663 in smdi field and (enter) George Lake in location field and (press) submit. (http://www.ir.gov.sk.ca/dbsearch/MinDepositQuery/Default.asp?ID=0663)
There is no guarantee that drilling or further exploration will produce any economic benefit to the company or the shareholders of the company.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not 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.
Copyright (C) 2003 Business Wire. All rights reserved.
SOURCE: Casavant Mining Kimberlite International
Casavant Mining Kimberlite International
Diamonds Hotline
Melvin O'Neil, 306-752-3755
Toll free in U.S./Canada: 877-752-3755
Fax: 306-752-3754
E-mail: ipr@sasktel.net
