LAS VEGAS--(BUSINESS WIRE)--Dec. 22, 2002
Casavant Mining Kimberlite International (OTCBB:CMKI) has come to terms with the world renowned Howard Bronson who is well connected in financial circles throughout Wall Street.
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. Recently Tiffany placed $ 100 million to buy Aber, another Canadian diamond mine to obtain conflict free diamonds.
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 Press Release includes projections of future results and "forward-looking statements" as that term is defined in 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 that statements of historical fact, are forward-looking statements. Although Management believes that the expectations reflected in these forward-looking statements are reasonable. It can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this Press Release, including, without limitation, in conjunction with those forward-looking statements contained in this Press Release.
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