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Post by Franko10 ™ on Jan 28, 2005 23:49:00 GMT -5
Casavant Mining Kimberlite International Announces Update of Magnetic Work for Drilling and Retires over 20 Billion Shares of CMKM Stock to Date
- PR Newswire
LAS VEGAS, Nov 6, 2003 /PRNewswire-FirstCall via COMTEX/ -- Urban Casavant, President of Casavant Mining Kimberlite International (Pink Sheets: CMKM) announced today that the company has approved the retirement of another 6.7 billion shares for a total of over 20 Billion shares of CMKM stock to date. This retirement of stock was approved unanimously by the board of directors to create greater value to its shareholders by reducing the amount of shares issued by the company. The company plans to retire all shares of stock back to the treasury.
The company before the interruption from sun flares has commenced to complete magnetic work for drilling. When all magnetic work data is fully analyzed additional drill targets will be selected and drilling for diamonds will commence immediately. Urban Casavant, President of Casavant Mining Kimberlite International, stated, "We are very excited to begin the drilling process and have also retained other experts in the field to facilitate this process who have several years experience in the Fort a la Corne area."
Casavant Mining Kimberlite International is also in negotiation's with another Canadian Public Diamond Exploration Company to joint venture together with a select group of CMKM diamond claims and invest over $1,000,000 with the company. Further details will be announced shortly on this subject.
Updates on Drilling efforts will be released as they are completed.
Updated map on land positioning for claims of CMKM is located at: www.casavantmining.com.
There is no guarantee that further exploration or drilling 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 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
Helen Bagley of 1st Global Stock Transfer, LLC, +1-702-656-4919
or hb1stglobal@aol.com, or Diamonds Hotline, Melvin O'Neil, +1-306-752-3755 or
+1-877-752-3755, or, fax, +1-306-752-3754 or ipr@sasktel.net, for Casavant
Mining Kimberlite International
www.casavantmining.com
Copyright (C) 2003 PR Newswire. All rights reserved.
- PR Newswire
LAS VEGAS, Nov 6, 2003 /PRNewswire-FirstCall via COMTEX/ -- Urban Casavant, President of Casavant Mining Kimberlite International (Pink Sheets: CMKM) announced today that the company has approved the retirement of another 6.7 billion shares for a total of over 20 Billion shares of CMKM stock to date. This retirement of stock was approved unanimously by the board of directors to create greater value to its shareholders by reducing the amount of shares issued by the company. The company plans to retire all shares of stock back to the treasury.
The company before the interruption from sun flares has commenced to complete magnetic work for drilling. When all magnetic work data is fully analyzed additional drill targets will be selected and drilling for diamonds will commence immediately. Urban Casavant, President of Casavant Mining Kimberlite International, stated, "We are very excited to begin the drilling process and have also retained other experts in the field to facilitate this process who have several years experience in the Fort a la Corne area."
Casavant Mining Kimberlite International is also in negotiation's with another Canadian Public Diamond Exploration Company to joint venture together with a select group of CMKM diamond claims and invest over $1,000,000 with the company. Further details will be announced shortly on this subject.
Updates on Drilling efforts will be released as they are completed.
Updated map on land positioning for claims of CMKM is located at: www.casavantmining.com.
There is no guarantee that further exploration or drilling 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 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
Helen Bagley of 1st Global Stock Transfer, LLC, +1-702-656-4919
or hb1stglobal@aol.com, or Diamonds Hotline, Melvin O'Neil, +1-306-752-3755 or
+1-877-752-3755, or, fax, +1-306-752-3754 or ipr@sasktel.net, for Casavant
Mining Kimberlite International
www.casavantmining.com
Copyright (C) 2003 PR Newswire. All rights reserved.
