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Re: SittingDuck post# 318

Thursday, 08/23/2007 1:08:24 PM

Thursday, August 23, 2007 1:08:24 PM

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News--Continental Precious has GICs, not ABCP


2007-08-23 10:52 ET - News Release

Mr. Ed Godin reports

CONTINENTAL PRECIOUS MINERALS INC.: STATUS OF CASH HOLDINGS

Continental Precious Minerals Inc. has a total cash position of approximately $31-million, of which $30-million is in the form of guaranteed investment certificates and the balance is in the form of cash on deposit in its bank account at one of Canada's major chartered banks.
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