Casavant Mining Kimberlite International Obtains Funding of US $1.8 Million With Pledge For Additional US $3.2 Million.Business Editors LAS VEGAS--(BUSINESS WIRE)--Feb. 19, 2004 Casavant Mining Kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. International (Pink Sheets:CMKM) announces it has successfully obtained additional funding of $1.8 million with a pledge of another $3.2 million upon completion of a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. and core sampling results. The additional resources gives the Company the opportunity to move operations forward at Fort a la Corne and also at its Green Lake mineral claims. The Board of Directors has approved a simultaneous drill program at both projects, now that sufficient funding is in place. Our initial surface sampling work, completed at Green Lake, have produced results consistent with diamondiferous kimberlite bodies in proximity to the Company mineral claims located there. The diamond core sampling at Fort a la Corne will be accomplished in-house using the Company drilling equipment. An independent contractor A person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job. will be awarded a contract at Green Lake to assist in an aggressive drill program. The diamond core sampling will be used to establish geological and structural context of the priority targets already chosen with the objective of preliminary assessment for commercial operations. There is no guarantee that further exploration or drilling will produce any economic benefit to the Company or the shareholders of the Company. Diamonds Hotline: Melvin O'Neil Office Tel.: 306/752-3755 Toll free in U.S./Canada: 877/752-3755 Fax: 306/752-3754 E-mail: ipr@sasktel.net Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts, may be deemed to contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Cash flow from operations A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses and the ability of the company to manage its operations. |
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