Casavant Mining Kimberlite International in Negotiations to Acquire Zinc Mining Claims as Part of Dividend Spin-Off with Pink Sheet Company.Business Editors LAS VEGAS--(BUSINESS WIRE)--Jan. 6, 2003 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 Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMKI CMKI Christine M Kleinert Institute CMKI Casavant Mining Kimberlite International ) announced today that it was negotiating for the acquisition of zinc claims in Saskatchewan. Management believes that the zinc claims are substantial with near term open pit mining feasible. The zinc claims are being acquired from independent claim holders. Upon completion of the acquisition, management intends on vending in the zinc claims into a pink sheet company it has targeted for acquisition based upon its diverse and active shareholder base. Management believes the acquisitions will be completed in stages over the next 30 days after an accelerated due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. period. Closing will be scheduled after audited financials are completed by the targeted pink sheet company. It is anticipated that the acquisition of the pink sheet company will result in a 4 share dividend being issued to the target company's shareholders consisting of CMKI shares, the targeted company's shares and shares in the targeted company's two wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. which will themselves be spun-off as separate trading companies. The new acquisitions will be ratified rat·i·fy tr.v. rat·i·fied, rat·i·fy·ing, rat·i·fies To approve and give formal sanction to; confirm. See Synonyms at approve. at the majority shareholder's meeting scheduled for January 15, 2003 in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , NV. Forward Looking Statements This Press Release contains "forward looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this Press Release other than statements of historical fact are "forward looking" statements. Although Management believes that the expectations reflecting in these forward looking statements are reasonable. It can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward looking statements contained in this Press Release. |
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