600 million placed in escrow on aqgreement
Casavant Mining Kimberlite International Announces a Two for One Forward Stock Split for All Shareholders of Record
- PR Newswire
LAS VEGAS, Aug 19, 2003 /PRNewswire-FirstCall via Comtex/ -- Urban Casavant, President of Casavant Mining Kimberlite International (Pink Sheets: CMKM) is pleased to announce a forward stock split payable with a 100% dividend of one share of CMKM stock for every share of CMKM stock held under the following terms:
Shareholders of record who hold stock through close of market September 12, 2003 will receive one additional free trading share of CMKM stock for every share held. The payable date will be September 28, 2003. Example, if a shareholder has 1,000 shares of CMKM stock and holds shares through close of market on September 12, 2003 they will receive an additional 1,000 free trading shares of CMKM stock on September 28, 2003 (Payable Date) for a total of 2,000 shares.
This dividend is to reward the shareholders for their continued support for Casavant Mining. The company has made this dividend available because of escalated developments in the Fort a la Corne, including Kensington and DeBeers diamond fields.
So now he has at this point,.. 1,200,000,000 billion in lock up according to the dates here,..
LAS VEGAS, Aug 21, 2003 /PRNewswire-FirstCall via COMTEX/ -- Urban Casavant, President of Casavant Mining Kimberlite International (OTC Pink Sheets: CMKM) is pleased to announce that the Board of Directors of Casavant Mining Kimberlite International (CMKM) have approved the spin-out of the corporate zinc deposits at George Lake, Saskatchewan, with the spin-out of its wholly owned subsidiary Casavant Mining International, Inc. (CMI). The target date for the spin-out will be before the end of September 2003, and will be announced shortly. CMKM shareholders of record at the time will receive one share in CMI for every share they hold and will continue to own in (CMKM). This spin-out will enable CMKM to concentrate on diamond exploration and development at Forte a la Corne, Saskatchewan.
He would also own 1.2 billion cmi spin off shares also correct?
AI
