CMKM..More Good NEWS out..Radar it ....
Casavant Mining Kimberlite International Announces Retirement of Another 4.4 Billion Shares for a Total of 13,420,371,427 CMKM Shares of Stock to Date
PR Newswire - October 20, 2003 08:30
LAS VEGAS, Oct. 20 /PRNewswire-FirstCall/ -- Urban Casavant, President of Casavant Mining Kimberlite International (Pink Sheets: CMKM) announced today that the company has approved the retirement of another 4.4 billion shares for a total 13,420,371,427 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. As soon as all dividend shares have been accounted for by the DTC from the CMKM stock split, the total amount of shares issued minus shares retired will be announced.
The company has selected five drill targets for the exploration of diamonds in the Forte a la Corne, Saskatchewan area of which two targets will be drilled simultaneously. On October 9, 2003 another diamond exploration company Shore Gold Inc in the Forte a la Corne area announced that their drill shaft had reached the upper most Kimberlite horizon after passing through 89 meters of overburden and after reaching a target depth of 250 meters and hoped to have about 5,000 tons of Kimberlite. Casavant Mining Kimberlite International hopes to have similar findings as Shore Gold Inc.
Updates on Drilling efforts will be released as they are completed.
There is no guarantee that further exploration or drilling will produce any Kimberlite findings or 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.
CONTACT: 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, Diamonds Hotline; or Helen Bagley of 1st Global Stock Transfer, LLC, +1-702-656-4919, or hb1stqlobal@aol.com, for Casavant Mining Kimberlite International.
SOURCE Casavant Mining Kimberlite International
/CONTACT: 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, Diamonds Hotline; or Helen Bagley of 1st Global Stock Transfer,
LLC, +1-702-656-4919, or hb1stqlobal@aol.com, for Casavant Mining Kimberlite
International/
(CMKM) |
