Post by fastwalker on Sept 19, 2004 14:33:09 GMT -5
CMKIs' 10% net dividend pr's...
Casavant Mining Kimberlite International Announces its Annual General Meeting
Business Wire, Dec 30, 2002
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Dec. 30, 2002
Casavant Mining Kimberlite International (OTCBB:CMKI) will be holding its annual general meeting Wednesday, January 15, 2003 at the Sunset Station 1301 W Sunset Rd., Henderson, Nevada, beginning at 10:30 AM for the election of directors and matters pertaining to acquisitions in addition to other business.
Casavant is a Nevada based company in the "conflict free" diamond mining business. Principal mining operations are located in Saskatchewan, Canada, encompassing a total land mass of approximately 1.9 million acres rich with diamondiferous kimberlite deposits. In addition to mining diamonds from its owned deposits the company will merchandise purchased diamonds under the "Casavant" brand name. Both retailers and consumers can place their trust that a "Casavant" brand name is conflict free.
Casavant has signed a letter of intent to purchase a producing diamond mine in Brazil and has targeted four acquisitions, which will become part of the company. In the first quarter of 2003, Casavant will declare capital stock dividends to shareholders of at least 8% of its holdings of each of the target acquisitions.
It is further anticipated in the third and fourth quarter of 2003 inclusive of the capital stock dividends, CMKI will pay 10% in cash dividends for three years. This will all be subject to approval at the shareholders meeting.
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This pr has a little more Divy info includes only the relevent parts..
Casavant Mining Kimberlite International Announces
Business Wire, Jan 7, 2003
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Jan. 7, 2003
* Fourth, CMKI, as previously announced, plans on approving at its majority shareholder meeting a mandatory share and cash dividend policy. The share dividend policy reflects the Company's acquisition strategy that identifies undervalued take-over targets in mineral resource and related businesses. The Company is currently evaluating 7 companies each of whom will benefit from new managerial economic assessment, asset appraisals, accounting peer review and legal restructuring.
* Fifth, CMKI believes that its shareholders and the targeted company's shareholders will best benefit from a "cross-dividend" policy. For example, if CMKI acquires a new target company in an exchange of shares, CMKI will pay its shareholders a mandatory 8% dividend of the total number of shares exchanged with the new target company. The shareholders of the new target company will be treated with the same fairness and therefore will be entitled to receive a mandatory 8% dividend of the total number of CMKI shares exchanged with the new target company. Since the mining and mineral resources business is highly fragmented, CMKI believes that its acquisition strategy will provide a way to leverage its assets into a larger more diversified portfolio of companies.
* Sixth, CMKI believes that its cross-dividend policy will result in share dividends being issued in the 3Q03. The legal audit of its shareholders of record will speed up this process. Further, CMKI has structured its mandatory 10% cash dividend policy (which is based on its net earnings) to benefit those shareholders of record on the declared dividend date.
8-)FW
Casavant Mining Kimberlite International Announces its Annual General Meeting
Business Wire, Dec 30, 2002
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Dec. 30, 2002
Casavant Mining Kimberlite International (OTCBB:CMKI) will be holding its annual general meeting Wednesday, January 15, 2003 at the Sunset Station 1301 W Sunset Rd., Henderson, Nevada, beginning at 10:30 AM for the election of directors and matters pertaining to acquisitions in addition to other business.
Casavant is a Nevada based company in the "conflict free" diamond mining business. Principal mining operations are located in Saskatchewan, Canada, encompassing a total land mass of approximately 1.9 million acres rich with diamondiferous kimberlite deposits. In addition to mining diamonds from its owned deposits the company will merchandise purchased diamonds under the "Casavant" brand name. Both retailers and consumers can place their trust that a "Casavant" brand name is conflict free.
Casavant has signed a letter of intent to purchase a producing diamond mine in Brazil and has targeted four acquisitions, which will become part of the company. In the first quarter of 2003, Casavant will declare capital stock dividends to shareholders of at least 8% of its holdings of each of the target acquisitions.
It is further anticipated in the third and fourth quarter of 2003 inclusive of the capital stock dividends, CMKI will pay 10% in cash dividends for three years. This will all be subject to approval at the shareholders meeting.
_______________________________________________________
This pr has a little more Divy info includes only the relevent parts..
Casavant Mining Kimberlite International Announces
Business Wire, Jan 7, 2003
Business Editors
LAS VEGAS--(BUSINESS WIRE)--Jan. 7, 2003
* Fourth, CMKI, as previously announced, plans on approving at its majority shareholder meeting a mandatory share and cash dividend policy. The share dividend policy reflects the Company's acquisition strategy that identifies undervalued take-over targets in mineral resource and related businesses. The Company is currently evaluating 7 companies each of whom will benefit from new managerial economic assessment, asset appraisals, accounting peer review and legal restructuring.
* Fifth, CMKI believes that its shareholders and the targeted company's shareholders will best benefit from a "cross-dividend" policy. For example, if CMKI acquires a new target company in an exchange of shares, CMKI will pay its shareholders a mandatory 8% dividend of the total number of shares exchanged with the new target company. The shareholders of the new target company will be treated with the same fairness and therefore will be entitled to receive a mandatory 8% dividend of the total number of CMKI shares exchanged with the new target company. Since the mining and mineral resources business is highly fragmented, CMKI believes that its acquisition strategy will provide a way to leverage its assets into a larger more diversified portfolio of companies.
* Sixth, CMKI believes that its cross-dividend policy will result in share dividends being issued in the 3Q03. The legal audit of its shareholders of record will speed up this process. Further, CMKI has structured its mandatory 10% cash dividend policy (which is based on its net earnings) to benefit those shareholders of record on the declared dividend date.
8-)FW