CMKX VOICE

swather
DIAMOND JEDI MASTER
Re: CMKM Diamonds, Inc. Announces New Joint Ventur
« Reply #170 Today at 3:25am »

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Great PR................now, maybe we can get rolling..........

some high-lites of the PR...........

Entourage Mining is no longer connected to CMKM Diamonds, since all shares of Entourage held by CMKM were returned to Entourage in return for $85,000 and the claims held by Entourage being returned to 1010 Sask

CMKM does not own any diamond claims....they are all owned by 1010 Sask.

CMKM Diamonds and 1010 Sask. decided to form a new company for the purpose of carrying out the diamond exploration....

This new company will be set up as follows........

Class A voting shares........10,000 shares issued to 1010 Sask only thus giving 1010 Sask complete voting control......also, class A shareholders, 1010 Sask, has priority over asset liquidation if company is folded.....

Class B non-voting shares........these shares will receive dividends payments if there is a profit in the company.......CMKM Diamonds will receive 80 million shares and 1010 Sask. will receive 20 million shares. The dividends on these shares will allow earnings to flow back to both CMKM Diamonds and 1010 Sask.

The new company will form a joint venture to carry-out all mining exploration. 1010 Sask will initially own all the claims. However, if CMKM spends $3.2 million and 1010 Sask spends $800,000 over a four year period, then all the claims will revert to the new company....

As far as CMKM shareholders are concerned, and one of the most important aspects of this news is that it makes CMKM Diamonds a legitimate company again....... I doubt very much if CMKM shareholders will ever see shares in the new company passed on to them..........

The most profitable way to participate is by the way the new company will be set up where CMKM Diamonds is a major shareholder in the new company.....