Repost of News
Updated: 09:34 AM EDT
CMKM Diamonds, Inc. Announces the Cancellation of the MRDR Transaction, Internal Audit and Move to New Transfer Agent
LAS VEGAS--(BUSINESS WIRE)--06/03/2004--CMKM Diamonds, Inc. (Pink Sheets:CMKX), The Board of Directors announces that due to the encouraging results in Saskatchewan, the Company has decided to concentrate all its resources on diamond drilling at this time, and therefore has aborted the pending Mirador (MRDR) previously proposed project.
Further the Board has notified the present Transfer Agent, 1st Global Stock Transfer to do a full and complete audit of the company and/or will have an independent auditor audit the company and as soon as that audit is complete the Company has retained Pacific Stock Transfer, Inc., to become the new Transfer Agent for CMKM Diamonds, Inc.
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 risks 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:CMKM Diamonds, Inc. Melvin O'Neil, 306-752-3755 or 877-752-3755 fax: 306-752-3754 ipr@sasktel.net
SOURCE: CMKM Diamonds, Inc.
06/03/2004 09:30 EASTERN
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