CMKM Diamonds Inc. (fka CMKX)

[trade15]

Well here's a news release for a company that I have shares in that's interesting. There was suppose to be some connection in the past to some of the CDN CMKX crew.

trade15


http://www.stockwatch.com/swnet/newsit/newsit_newsit.aspx?bid=B-705058-C:VAA&symbol=VAA&news....



" Subject: Stockwatch: Vaaldiam Resources Ltd (2): Vaaldiam to acquire Great Western Diamonds
Vaaldiam to acquire Great Western Diamonds


Vaaldiam Resources Ltd (2) (C:VAA)
Shares Issued 83,201,204
Last Close 7/3/2007 $0.92
Tuesday July 03 2007 - News Release

Also Great Western Diamonds Corp (C:GWD) News Release

Mr. Ken Johnson of Vaaldiam reports

VAALDIAM ANNOUNCES INTENTION TO ACQUIRE DIAMOND PRODUCER ELKEDRA DIAMONDS AND DIAMOND EXPLORER GREAT WESTERN DIAMONDS TO CREATE LEADING DIAMOND COMPANY

Vaaldiam Resources Ltd. intends to acquire all of the outstanding shares of diamond producer Elkedra Diamonds NL and diamond explorer Great Western Diamonds Corp. The new company formed upon completion of this strategic initiative will be the dominant South American diamond producer and one of Canada's largest listed diamond companies with the following attributes:


significant scale of operations: This strategic initiative creates South America's largest diamond producer and positions Vaaldiam as a consolidator of the fragmented small and mid-tier diamond sector; and
diversified long-life production: Vaaldiam will diversify its production with 100-per-cent ownership of two producing diamond mines with very attractive expansion potential.

Production is expected to be:


50,000 carats in 2007; and
85,000 carats in 2008.

The anticipated development of Vaaldiam's Brauna kimberlite project is expected to significantly add to this production in the coming years.

Unparalleled development pipeline

In addition to being South America's largest diamond producer, Vaaldiam will hold 100-per-cent interests in 53 kimberlite deposits and control approximately 1.5 million hectares of diamond exploration concessions in Brazil and Canada, including the following advanced-stage kimberlite exploration properties:


Brauna project (Bahia state, Brazil);
Pimento Bueno and Ariquemes projects (Rondonia state, Brazil); and
Candle Lake and Centennial projects (Fort a la Corne, Sask.).

Enhanced capital markets profile

Vaaldiam will be a multimine diamond producer with a pro forma market capitalization in excess of $160-million, increased liquidity and improved investor awareness attracting the attention of a broader group of international investors."