Juina Mining Corporation (GEMM)

[smartbiz85]

CMKM Diamonds Inc. Announces Dividend of Juina Mining Shares

LAS VEGAS, Aug 2, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) announced today that it has elected to distribute the 95,502,027 shares of Juina Mining Corp. (Pink Sheets: GEMM) which were recently purchased by the company as a dividend to its shareholders.
The company has chosen Oct. 1, 2004, as the record and distribution date for this latest dividend to its shareholders.

In addition, GEMM has issued a 60-day option to CMKX to purchase shares equivalent to an additional 24% of the outstanding shares in GEMM for an additional $500,000 USD. When exercised, the company has elected to distribute this additional 127,336,036 as a dividend on the same record and distribution date.

Urban Casavant, president and CEO of CMKX, stated, "This continues our expansion into known diamond-bearing fields throughout the world. This expansion is an important step as the company continues to seek to provide additional value for its shareholders. We are excited that this addition to our company's holdings will increase our ability to more rapidly move into the active mining and processing of diamonds. Juina has a history of producing large and colored diamonds whose demand is rapidly expanding in the current world market."

Further updates on this transaction will be made in press releases and on both companies' Web sites.

www.casavantmining.com

http://www.pinksheets.com/quote/news.jsp?url=fis_story.asp%3Ftextpath%3DCOMTEX%5Cbw%5C2004%5C08%5C02....