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Post by Franko10 ™ on Jan 29, 2005 0:22:16 GMT -5
Casavant Mining Kimberlite International Obtains Funding of US $1.8 Million With Pledge For Additional US $3.2 Million
- BusinessWire
LAS VEGAS, Feb 19, 2004 (BUSINESS WIRE) -- Casavant Mining Kimberlite International (Pink Sheets:CMKM) announces it has successfully obtained additional funding of $1.8 million with a pledge of another $3.2 million upon completion of a feasibility study and core sampling results.
The additional resources gives the Company the opportunity to move operations forward at Fort a la Corne and also at its Green Lake mineral claims. The Board of Directors has approved a simultaneous drill program at both projects, now that sufficient funding is in place. Our initial surface sampling work, completed at Green Lake, have produced results consistent with diamondiferous kimberlite bodies in proximity to the Company mineral claims located there. The diamond core sampling at Fort a la Corne will be accomplished in-house using the Company drilling equipment. An independent contractor will be awarded a contract at Green Lake to assist in an aggressive drill program.
The diamond core sampling will be used to establish geological and structural context of the priority targets already chosen with the objective of preliminary assessment for commercial operations.
There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.
Diamonds Hotline: Melvin O'Neil Office Tel.: 306/752-3755 Toll free in U.S./Canada: 877/752-3755 Fax: 306/752-3754 E-mail: ipr@sasktel.net
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.
SOURCE: Casavant Mining Kimberlite International
Diamonds Hotline
Melvin O'Neil, 306-752-3755
E-mail: ipr@sasktel.net
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Copyright (C) 2004 Business Wire. All rights reserved.
Casavant Mining Kimberlite International Obtains Funding of US $1.8 Million With Pledge For Additional US $3.2 Million
- BusinessWire
LAS VEGAS, Feb 19, 2004 (BUSINESS WIRE) -- In BW5223 issued Feb. 19, 2004: Insert within the first sentence of the release:
"from a longtime individual investor for the company" and "also from the same party"
The corrected release reads:
CASAVANT MINING KIMBERLITE INTERNATIONAL OBTAINS FUNDING OF US $1.8 MILLION WITH PLEDGE FOR ADDITIONAL US $3.2 MILLION
Casavant Mining Kimberlite International (Pink Sheets:CMKM) announces it has successfully obtained additional funding from a longtime individual investor for the company of $1.8 million with a pledge of another $3.2 million also from the same party upon completion of a feasibility study and core sampling results.
The additional resources gives the Company the opportunity to move operations forward at Fort a la Corne and also at its Green Lake mineral claims. The Board of Directors has approved a simultaneous drill program at both projects, now that sufficient funding is in place. Our initial surface sampling work, completed at Green Lake, have produced results consistent with diamondiferous kimberlite bodies in proximity to the Company mineral claims located there. The diamond core sampling at Fort a la Corne will be accomplished in-house using the Company drilling equipment. An independent contractor will be awarded a contract at Green Lake to assist in an aggressive drill program.
The diamond core sampling will be used to establish geological and structural context of the priority targets already chosen with the objective of preliminary assessment for commercial operations.
There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.
Diamonds Hotline: Melvin O'Neil Office Tel.: 306/752-3755 Toll free in U.S./Canada: 877/752-3755 Fax: 306/752-3754 E-mail: ipr@sasktel.net
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.
SOURCE: Casavant Mining Kimberlite International
Diamonds Hotline
Melvin O'Neil, 306-752-3755
E-mail: ipr@sasktel.net
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
- BusinessWire
LAS VEGAS, Feb 19, 2004 (BUSINESS WIRE) -- Casavant Mining Kimberlite International (Pink Sheets:CMKM) announces it has successfully obtained additional funding of $1.8 million with a pledge of another $3.2 million upon completion of a feasibility study and core sampling results.
The additional resources gives the Company the opportunity to move operations forward at Fort a la Corne and also at its Green Lake mineral claims. The Board of Directors has approved a simultaneous drill program at both projects, now that sufficient funding is in place. Our initial surface sampling work, completed at Green Lake, have produced results consistent with diamondiferous kimberlite bodies in proximity to the Company mineral claims located there. The diamond core sampling at Fort a la Corne will be accomplished in-house using the Company drilling equipment. An independent contractor will be awarded a contract at Green Lake to assist in an aggressive drill program.
The diamond core sampling will be used to establish geological and structural context of the priority targets already chosen with the objective of preliminary assessment for commercial operations.
There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.
Diamonds Hotline: Melvin O'Neil Office Tel.: 306/752-3755 Toll free in U.S./Canada: 877/752-3755 Fax: 306/752-3754 E-mail: ipr@sasktel.net
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.
SOURCE: Casavant Mining Kimberlite International
Diamonds Hotline
Melvin O'Neil, 306-752-3755
E-mail: ipr@sasktel.net
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
**** Correction Below ****
Casavant Mining Kimberlite International Obtains Funding of US $1.8 Million With Pledge For Additional US $3.2 Million
- BusinessWire
LAS VEGAS, Feb 19, 2004 (BUSINESS WIRE) -- In BW5223 issued Feb. 19, 2004: Insert within the first sentence of the release:
"from a longtime individual investor for the company" and "also from the same party"
The corrected release reads:
CASAVANT MINING KIMBERLITE INTERNATIONAL OBTAINS FUNDING OF US $1.8 MILLION WITH PLEDGE FOR ADDITIONAL US $3.2 MILLION
Casavant Mining Kimberlite International (Pink Sheets:CMKM) announces it has successfully obtained additional funding from a longtime individual investor for the company of $1.8 million with a pledge of another $3.2 million also from the same party upon completion of a feasibility study and core sampling results.
The additional resources gives the Company the opportunity to move operations forward at Fort a la Corne and also at its Green Lake mineral claims. The Board of Directors has approved a simultaneous drill program at both projects, now that sufficient funding is in place. Our initial surface sampling work, completed at Green Lake, have produced results consistent with diamondiferous kimberlite bodies in proximity to the Company mineral claims located there. The diamond core sampling at Fort a la Corne will be accomplished in-house using the Company drilling equipment. An independent contractor will be awarded a contract at Green Lake to assist in an aggressive drill program.
The diamond core sampling will be used to establish geological and structural context of the priority targets already chosen with the objective of preliminary assessment for commercial operations.
There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company.
Diamonds Hotline: Melvin O'Neil Office Tel.: 306/752-3755 Toll free in U.S./Canada: 877/752-3755 Fax: 306/752-3754 E-mail: ipr@sasktel.net
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.
SOURCE: Casavant Mining Kimberlite International
Diamonds Hotline
Melvin O'Neil, 306-752-3755
E-mail: ipr@sasktel.net
Customize your Business Wire news & multimedia to match your needs.
Get breaking news from companies and organizations worldwide.
Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
