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Post by Franko10 ™ on Jan 30, 2005 18:04:29 GMT -5
St. George Metals, Inc. Announces 3rd Payment of $2,500,000 Delivered to CMKM Diamonds, Inc.
9/22/2004 9:30:00 AM
VEGREVILLE, Alberta, Sep 22, 2004 (BUSINESS WIRE) -- St. George Metals, Inc. (Pink Sheets:SGGM) is pleased to announce that the Company has delivered a 3rd payment of $2,500,000 U.S. Dollars to CMKM Diamonds, Inc. (Pink Sheets:CMKX) totaling now $7,500,000 U.S. Dollars of the $10,000,000 U.S.D. joint venture agreement between St. George Metals, Inc. and CMKM Diamonds, Inc.
In consideration for $10,000,000 US Dollars and two hundred billion (200,000,000,000) restricted shares of SGGM St. George Metals, Inc. will purchase a 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc.
CMKM Diamonds, Inc. is one of the largest holders of claims in the Fort A La Corne Saskatchewan diamond exploration fields which include DeBeers and Kensington.
The Company is anticipated to deliver the remaining additional payment of $2,500,000 within the next 30 days.
There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this 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 have been 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: St. George Metals, Inc.
St. George Metals, Inc.
Investor Relations:
Vicki Curran, 877-632-3133
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9/22/2004 9:30:00 AM
VEGREVILLE, Alberta, Sep 22, 2004 (BUSINESS WIRE) -- St. George Metals, Inc. (Pink Sheets:SGGM) is pleased to announce that the Company has delivered a 3rd payment of $2,500,000 U.S. Dollars to CMKM Diamonds, Inc. (Pink Sheets:CMKX) totaling now $7,500,000 U.S. Dollars of the $10,000,000 U.S.D. joint venture agreement between St. George Metals, Inc. and CMKM Diamonds, Inc.
In consideration for $10,000,000 US Dollars and two hundred billion (200,000,000,000) restricted shares of SGGM St. George Metals, Inc. will purchase a 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc.
CMKM Diamonds, Inc. is one of the largest holders of claims in the Fort A La Corne Saskatchewan diamond exploration fields which include DeBeers and Kensington.
The Company is anticipated to deliver the remaining additional payment of $2,500,000 within the next 30 days.
There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933 (the "Securities Act"), as amended, and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), as amended. All statements that are included in this 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 have been 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: St. George Metals, Inc.
St. George Metals, Inc.
Investor Relations:
Vicki Curran, 877-632-3133
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
