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Post by Franko10 ™ on Jan 29, 2005 0:11:49 GMT -5
Casavant Mining Kimberlite International Announces MRDR Share Exchange And Spin Out of CIM Subsidiary Approved
- PR Newswire
LAS VEGAS, Jan 15, 2004 /PRNewswire-FirstCall via Comtex/ -- Casavant Mining Kimberlite International, Las Vegas, (Pink Sheets: CMKM) is pleased to announce that:
The Board of Directors of CMKM announced today that the CIM/ MRDR exchange has been approved in principle by both companies. All CIM/MRDR shareholders of record of January 30, 2004 will be eligible for the share exchange, more details will follow shortly.
The Board of Directors consider that the spin-out of Casavant International Mining 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 Fort a la Corne, Saskatchewan claims it currently holds, while the new MRDR /CIM Company will be able to focus on the zinc claims.
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.
SOURCE Casavant Mining Kimberlite International
Melvin O'Neil of Casavant Mining Kimberlite International,
Diamonds Hotline, +1-306-752-3755, or +877-752-3755
www.prnewswire.com
Copyright (C) 2004 PR Newswire. All rights reserved.
- PR Newswire
LAS VEGAS, Jan 15, 2004 /PRNewswire-FirstCall via Comtex/ -- Casavant Mining Kimberlite International, Las Vegas, (Pink Sheets: CMKM) is pleased to announce that:
The Board of Directors of CMKM announced today that the CIM/ MRDR exchange has been approved in principle by both companies. All CIM/MRDR shareholders of record of January 30, 2004 will be eligible for the share exchange, more details will follow shortly.
The Board of Directors consider that the spin-out of Casavant International Mining 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 Fort a la Corne, Saskatchewan claims it currently holds, while the new MRDR /CIM Company will be able to focus on the zinc claims.
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.
SOURCE Casavant Mining Kimberlite International
Melvin O'Neil of Casavant Mining Kimberlite International,
Diamonds Hotline, +1-306-752-3755, or +877-752-3755
www.prnewswire.com
Copyright (C) 2004 PR Newswire. All rights reserved.
