CMKM..PR Newswire - September 30, 2003 09:01
LAS VEGAS, Sept. 30 /PRNewswire-FirstCall/ -- Urban Casavant, President of Casavant Mining Kimberlite International (Pink Sheets: CMKM) announced today that the company is Retiring Six Billion Shares of CMKM Stock to the Treasury. This stock is being retired from corporate insiders. All certificates retired will be announced later this week.
This decision to retire CMKM stock was made by the Board of Directors of Casavant Mining International in an effort to create greater value to its shareholders. "This retirement of shares in no way effects the 2 for 1 stock split of CMKM stock for shareholders of record as of September 12, 2003," stated Urban Casavant, President of CMKI.
Drilling Update
Durama Enterprises, Ltd. has made tremendous progress in its efforts to begin drilling for Diamonds in the Forte a la Corne, Saskatchewan diamond fields. They have narrowed their efforts down to two key targets that have the most potential for finding Diamondiferous Kimberlite, and have increased their crews to drill both sites simultaneously.
Updates on Drilling efforts will be released as they are completed.
There is no guarantee that further exploration or drilling will produce any 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.
SOURCE Casavant Mining Kimberlite International
/CONTACT: Melvin O'Neil of Casavant Mining Kimberlite International,
Diamonds Hotline, 306-752-3755, or 877-752-3755, or fax, 306-752-3754,
or ipr@sasktel.net/
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