(COMTEX) B: Entourage Mining Adds Joint Venture Partners to Nevada Gold Project ( PRIMEZONE )
B: Entourage Mining Adds Joint Venture Partners to Nevada Gold Project ( PRIMEZONE )
VANCOUVER, British Columbia, Apr 26, 2005
(PRIMEZONE via COMTEX) -- Entourage Mining Ltd. (the "Company") (OTCBB:ETGMF) announces that the Company has added two partners to participate in its Black Warrior gold/silver project in Esmeralda County Nevada (the "Nevada Gold Project").
United Carina Resources Corp. (TSX-V:UCA) and CMKM Diamonds Inc. (Other OTC:CMKX) have each been granted the right to acquire a 10% interest in the Nevada Gold Project. Each of the optionees can exercise its option to acquire a 10% interest by:
(a) paying $40,000 to Entourage upon Entourage executing its sub-lease option agreement to purchase a 100% beneficial interest in the Nevada Gold Project; and
(b) making $85,000 USD in work commitments or an amount equal to but not to exceed 10% of Entourage's work expenditures on the Nevada Gold Project.
Entourage welcomes the participation of these companies as the size of the Nevada Gold Project is increasing as more claims are being staked contiguous to the original Black Warrior claim blocks. The company is awaiting drill permits from the Bureau of Land Management and expects to have an extensive drill program underway in the near future.
Entourage Mining Ltd.
"Gregory F. Kennedy"
Gregory F. Kennedy
President
Forward-Looking Statement
Except for historical information contained herein, the statements in this Press Release may be forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Entourage Mining Ltd.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Entourage Mining Ltd.'s operations. These and other risks are described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission.
SOURCE: Entourage Mining Ltd.
By Staff
CONTACT: Entourage Mining Ltd.
Craig Doctor
604-278-4656
866-301-4077
craig@entouragemining.com
(C) 2005 PRIMEZONE, All rights reserved.
-0-
INDUSTRY KEYWORD: Mining & Metals
SUBJECT CODE: MINING
METALS
JOINT VENTURE
Joint Venture
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Previous CMKM Diamond Press Releases Sep 14, 2010 at 10:10am
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Post by sandi66 on Sep 14, 2010 at 10:10am
Entourage Mining Ltd.: Increased Interest in Hatchet Lake Uranium Property
10/20/2005 2:52:01 PM
VANCOUVER, British Columbia, Oct 20, 2005 (BUSINESS WIRE) -- Entourage Mining Ltd. (the "Company") (OTCBB:ETGMF) is pleased to announce that it has entered into a number of agreements to acquire interests in a number of mineral properties and to increase its interest in one of its existing properties.
INCREASED INTEREST IN THE HATCHET LAKE PROPERTY
Effective today's date, the Company has entered into the following agreements:
1. A new option agreement with United Carina (the "New Hatchet Lake Option Agreement"); and
2. An agreement by which the Company is assigned all of CMKM Diamonds, Inc. Diamonds, Inc.'s ("CMKM Diamonds, Inc.") interest in the Hatchet Lake Property (the "Hatchet Lake Assignment Agreement")
The Company had previously acquired an option to earn up to a 10% interest in and to the Hatchet Lake Property from CMKM Diamonds, Inc. and CMKM Diamonds, Inc. had the right to participate as to 10% in Entourage's Black Warrior project in Nevada. Under the terms of the New Hatchet Lake Option Agreement with United Carina and CMKM Diamonds, Inc. which supersedes and replaces the Company's previous agreements with United Carina and CMKM Diamonds, Inc., the Company is granted the exclusive option to acquire an undivided 50% beneficial right, title and interest in and to the Hatchet Lake Property in consideration of the following payments and work commitments by Entourage:
(a) a cash payment, on or before November 15, 2005, of $220,000 paid by Entourage to United Carina; and
(b) by making the following exploration expenditures on the Property:
(i) on or before December 31, 2005, $100,000;
(ii) on or before February 1, 2006, an additional $300,000;
(iii) on or before November 15, 2006, an additional $450,000; and
(iv) on or before November 15, 2007, an additional $450,000.
The New Hatchet Lake Option Agreement may be subject to its acceptance for filing with the TSX-Venture Exchange as United Carina is a company listed on the TSX-Venture Exchange.
Under the terms of the Hatchet Lake Assignment Agreement, the Company has agreed to issue to CMKM Diamonds, Inc., total of 15,000,000 shares (the "Shares") of its common stock in exchange for CMKM Diamonds, Inc.'s assignment of all of its interest in and to the Hatchet Lake Property.
The Hatchet Lake Property is prospective for uranium. The Hatchet Lake Property is comprised of 4 claims totaling 16,951 hectares in the Hatchet Lake area of Saskatchewan, Canada. No NI 43-101 report has been completed on the Hatchet Lake Property and the property is at the exploration stage only.
ACQUISITION OF SMEATON/FORTE A LA CORNE/GREEN LAKE PROPERTY IN SASKATCHEWAN
The Company has entered into an agreement (the "Smeaton/Forte a la Corne Property Agreement") with 101047025 Saskatchewan Ltd. ("1010") to acquire an undivided 80% mineral rights interest in and to the Smeaton/Forte a la Corne Diamond Property in Saskatchewan. Under the terms of this agreement, Entourage will issue 33,888,888 common shares in its capital stock (the "Smeaton/Fort a la Corne Shares") of which 30,000,000 common will be issued to CMKM Diamonds, Inc.
The Smeaton/Forte a la Corne Diamond Property was the subject of an agreement between 1010 and CMKM Diamonds, Inc. dated August 1, 2003.
The Smeaton/Forte a la Corne Property is comprised of approximately 1087 claims totaling approximately 411,275 hectares in the Smeaton-Forte a la Corne, Saskatchewan area. No NI 43-101 report has been completed on the Smeaton/Forte a la Corne Property to date.
ACQUISITION OF FORTE DIAMOND PROPERTY IN SASKATCHEWAN
Entourage Mining Ltd. has entered into an agreement (the "Forte Agreement") with CMKM Diamonds, Inc. dated October 20, 2005 whereby it has acquired all of CMKM Diamonds, Inc.'s interest in and to the agreement dated July 18, 2004 between CMKM Diamonds, Inc. and Nevada Minerals, Inc. ("Nevada Minerals"), and in and to an undivided 36% right, title and interest in and to the Forte Diamond Property for consideration of 5,000,000 shares of the Company to CMKM Diamonds, Inc. on this date.
The Forte Diamond Property is comprised of approximately 337 claims totalling approximately 194,582 hectares in the Forte a la Corne area of Saskatchewan. No NI 43-101 report has been completed on the Forte Diamond Property to date.
ADDITIONAL INFORMATION
The Company will, in the near future, provide more information concerning the agreements it has entered into and the properties that are subject to them. The Company continues to make due diligence inquiries and execute documents concerning the status of its properties and emphasizes that further exploration work is required on all of the properties to determine if a mineral resource, if any, exists on any of them or would be economic.
The obligations of Entourage under the aforementioned agreements are expressly subject to Entourage closing, on or before October 28, 2005, a minimum of US$1,050,000 in equity financing with which to finance its working capital and other obligations. The private placement for equity financing was first announced on October 10, 2005.
The Company encourages readers to contact Craig Doctor at 1-604-278-4656 with any inquiries and questions and to review the Company's continuous disclosure filings on the EDGAR system and on Canada's SEDAR reporting system. Shareholders who do not receive a response to their inquiry are encouraged to review the Company's news releases as many inquiries may be answered by issuing a news release so that all members of the investing public are informed of the Company's activities.
The Company anticipates filing the full text of the New Hatchet Lake Agreement, the Hatchet Lake Assignment Agreement, the Smeaton/Forte a la Corne Properties Agreement and the Forte Agreement in a Report on Form 6-K filing with the SEC's EDGAR system on or before October 31, 2005 in accordance with its obligations as a reporting foreign private issuer.
Entourage Mining Ltd. is a company incorporated in British Columbia and reporting both in the United States, as a foreign issuer, and in the Province of British Columbia, Canada. Its shares are posted for trading on the NASD's OTCBB under the symbol "ETGMF".
Entourage Mining Ltd.
Gregory Kennedy, President
Forward Looking Statement
Except for historical information contained herein, the statements in this Press Release may be forward looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Entourage Mining Ltd.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Entourage Mining Ltd.'s operations. These and other risks are described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission as well as the Company's filings on the SEDAR continuous disclosure system in Canada.
Entourage Mining Ltd. (OTC Bulletin Board:ETGMF)
SOURCE: Entourage Mining Ltd.
Entourage Mining Ltd.
Craig Doctor
(604) 278-4656
craig@entouragemining.com
OR
Entourage Mining Ltd.
Gregory Kennedy
President
(604) 669-GEMS Cell: (778) 893-4471
Fax: (604) 669-4368
info@entouragemining.com
www.entouragemining.comCopyright Business Wire 2005
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Previous CMKM Diamond Press Releases Sep 14, 2010 at 10:12am
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Post by sandi66 on Sep 14, 2010 at 10:12am
Emerging Stock Report: Mineral Property Agreements Building Company
10/21/2005
Oct 21, 2005 (M2 PRESSWIRE via COMTEX) --
The Emerging Stock Report is initiating coverage on Entourage Mining Ltd. (OTCBB:ETGMF) up 43.75% today. The company has announced that it has entered into a number of agreements to acquire interests in a number of mineral properties and to increase its interest in one of its existing properties.
A new option agreement with United Carina and an agreement by which the Company is assigned all of CMKM Diamonds, Inc. (CMKM) interest in the Hatchet Lake Property. Under the terms of the New Hatchet Lake Option Agreement with United Carina and CMKM Diamonds, Inc. the Company is granted the exclusive option to acquire an undivided 50% beneficial right, title and interest in the Hatchet Lake Property. The Hatchet Lake Property is prospective for uranium.
Additionally Entourage Mining Ltd. has entered into an agreement with CMKM Diamonds, Inc. dated October 20, 2005 whereby it has acquired all of CMKM Diamonds, Inc.'s interest in the agreement between CMKM Diamonds, Inc. and Nevada Minerals, Inc. The Company has entered into an agreement with 101047025 Saskatchewan Ltd. ("1010") to acquire an undivided 80% mineral rights interest in the Smeaton/Forte a la Corne Diamond Property in Saskatchewan.
The Company continues to make due diligence inquiries and execute documents concerning the status of its properties and emphasizes that further exploration work is required on all of the properties to determine if a mineral resource, if any, exists on any of them or would be economic. Entourage Mining Ltd. is a company incorporated in British Columbia and reporting both in the United States, as a foreign issuer, and in the Province of British Columbia, Canada. Its shares are posted for trading on the NASD's OTCBB under the symbol "ETGMF".
Ian Birrell
The Emerging Stock Report profiles emerging growth companies and brings them to the attention of the investment community ahead of the market providing concise analysis and resources required in determining when a stock appears poised for growth.
Get a Complimentary Subscription at
www.emergingstockreport.com for your complimentary subscription.
Subscribers have access to investment research reports, tools for tracking and analyzing, current news, detailed company profiles and ESR "E-Alert" Services. ESR produces comprehensive, timely and dependable research available on the Internet.
Safe Harbor
All material herein was prepared by the Emerging Stock Report (ESR)
www.emergingstockreport.com based upon information believed to be reliable. The information contained herein is not guaranteed by ESR to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. ESR is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. ESR may receive compensation in cash or shares from independent third parties or from the companies mentioned.
ESR' s affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. ESR will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and ESR undertakes no obligation to update such statements
CONTACT: Ian Birrell e-mail: ian@emergingstockreport.com
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Previous CMKM Diamond Press Releases Sep 14, 2010 at 10:13am
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Post by sandi66 on Sep 14, 2010 at 10:13am
Entourage Appoints New Director and Continues to Negotiate Additional Saskatchewan Land Claims
Friday October 21, 2:43 pm ET
VANCOUVER, British Columbia, Oct. 21, 2005 (PRIMEZONE) -- Entourage Mining Ltd. (the ``Company'') (OTC BB:ETGMF.OB - News) announces the appointment of Corey Klassen to its Board of Directors. Mr. Klassen, a Calgary Alberta resident, has an economics background and for the past 10 years has been focusing on Business Development Management for major Canadian Financial Institutions and Mortgage Brokering firms. Mr. Klassen is an active member in the Mortgage Brokers Association of British Columbia (MBABC), The Alberta Mortgage Brokers Association (AMBA), and The Canadian Institute of Mortgage Brokers and Lenders (CIMBL). Mr. Klassen's expertise in raising capital is a welcome addition to the Company.
In other news and further to the Company's news release of October 20, 2005, the Company is involved in ongoing negotiations with CMKM Diamonds, Inc. to acquire CMKM Diamond, Inc,'s 25 per cent earn-in interest in Saskatchewan mineral claims S-137714-S137717. Presently, the claims are held on a 50-50 basis by United Carina Resources (Vancouver:UCA.V - News) and Consolidated Pine Channel (Vancouver:KPG.V - News). CMKM Diamonds Inc. is earning an interest in these claims and, when the earn-in obligations are complete, the property will be equally owned as to 25 per cent each, that is: United Carina 25 per cent, Consolidated Pine Channel 25 per cent, CMKM Diamonds 25 per cent and U.S. Canadian Minerals 25 per cent.
The claims include the Carolyn kimberlite pipe and United Carina reported in an October 18, 2005 news release that in a five-hole drill program on this pipe in 2004, samples from one of the holes tested for diamond content. Only two micro-diamonds were recovered, but further testing will probably be conducted on other samples from the drill holes.
The Company expects to make an announcement about the terms of the negotiations should an agreement be reached. There is no NI 43-101 compliant report completed on these claims and there is no assurance that the Company will be successful in reaching a definitive agreement.
For more information call Craig Doctor at 604-278-4656.
On behalf of the Board,
"Gregory F. Kennedy"
Gregory F. Kennedy
President
Forward Looking Statement
Except for historical information contained herein, the statements in this Press Release may be forward looking statements. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Entourage Mining Ltd.'s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Entourage Mining Ltd.'s operations. These and other risks are described in the Company's Annual Report on Form 20-F and other filings with the Securities and Exchange Commission as well as the Company's filings on the SEDAR continuous disclosure system in Canada.
Contact:
Entourage Mining Ltd.
Craig Doctor
(604) 278-4656
craig@entouragemining.com
Source: Entourage Mining Ltd.
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Previous CMKM Diamond Press Releases Sep 14, 2010 at 10:15am
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Post by sandi66 on Sep 14, 2010 at 10:15am
10/28/2005- CMKM Revoked
Issue 2005-208 October 28, 2005
ENFORCEMENT PROCEEDINGS
COMMISSION DISMISSES REVIEW PROCEEDING WITH RESPECT TO CMKM DIAMONDS, INC.,
AND LAW JUDGE'S INITIAL DECISION MADE FINAL
CMKM Diamonds, Inc. asked to withdraw its petition for review of an administrative law judge's initial decision, which revoked the registration of CMKM Diamonds' securities pursuant to Section 12(j) of the Securities Exchange Act of 1934, and that the Commission make the initial decision final.
Accordingly, the Commission dismissed the review proceeding and declared the initial decision final. (Rel. 34-52694; File No. 3-11858)
COMMISSION DECLARES DECISION AS TO ST. GEORGE METALS, INC. FINAL
On October 28, the decision of an administrative law judge with respect to St. George Metals, Inc. became final. The law judge found that St. George violated Section13(a) of the Securities Exchange Act of 1934, and Exchange Act Rules 13a-1 and 13a-13 by failing to file annual reports on Form 10-K or 10KSB for the fiscal years ending Jan. 31, 2003, 2004, and 2005, and its required quarterly reports on Form 10-Q or 10-SB for the quarters ending April 30, 2003, July 31, 2003, Oct. 31, 2003, April 30, 2004, July 31, 2004, Oct. 31, 2004, April 30, 2005, and July 31, 2005.
The law judge revoked the registration of each class of securities of St. George Metals's securities. (Rel. 34-52695; File No. 3-11971)
www.sec.gov/news/digest/dig102805.txt ***********************
10/28/2005- company gives up appeal of cease-trade
Friday, October 28, 2005
Diamond company gives up appeal of cease-trade order
By Barry Glass
A former Prince Albert resident who set his sights on diamond exploration is now looking for ways to wind up his business.
CMKM Diamonds, Inc. is based in Las Vegas, Nev., but is run by Urban Casavant. The company’s website says Casavant is from Prince Albert, where he once worked as a prison guard and ran a U-Haul business.
The company was traded on what’s called the Pink Sheets market in the United States and ran afoul of financial reporting regulations earlier this year. Its shares were temporarily suspended from trading due to lack of filing required reports.
The judge in a hearing held to deal with the suspension concluded the registration of the shares of CMKM should be revoked.
Shares of companies must be registered with the Securities and Exchange Commission — the stock market regulator in the United States — in order to be publicly traded.
CMKM had asked for an appeal, but last Friday lawyers acting for the company filed a notice withdrawing that request.
Neither Casavant nor a spokesman for CMKM could be reached.
The day before CMKM withdrew its appeal, Vancouver-based Entourage Mining Ltd. issued a release saying it had acquired CMKM’s 36 per cent interest in some diamond claims covering about 200,000 hectares in the Fort a la Corne area 70 kilometres east of Prince Albert.
The release also said Entourage made an agreement with a numbered company, 101047025 Saskatchewan Ltd., to acquire an 80 per cent interest in other diamond claims in the area covering more than 400,000 hectares.
Those claims were previously the subject of an agreement between the numbered company and CMKM in 2003, says the release.
In documents filed with the securities and exchange commission, CMKM said it is in default under an agreement with another company, United Carina Resources Corp., regarding exploration of claims near Hatchet Lake for uranium.
Hatchet Lake is 600 kilometres northeast of Prince Albert.
The same day as the diamond deals were made, CMKM assigned its 50 per cent interest in United Carina’s claims in the Hatchet Lake area of Canada to Entourage.
In total, Entourage agreed to issue 50 million shares of its common stock to CMKM in exchange for the property interests.
“We cut a straight-up deal,” Gregory Kennedy, president of Entourage, said in a telephone interview.
Kennedy said he has known Casavant for many years but that the transactions were done at arm’s length.
“We think these properties have a lot of merit.”
Other documents filed with the commission by CMKM say Casavant will remain the sole officer and director until the company’s affairs are wound up.
The filings also say, as a result of health concerns, Casavant intends to resign as the sole officer and director as soon as all shares of Entourage and other assets of CMKM have been properly disbursed to its stockholders.
A future release or security exchange commission filing will provide information about the procedures for the distribution of Entourage shares, say the documents.
CMKM, Casavant and other company officials were also hit with a cease trade order in 2004 by the Saskatchewan Financial Services Commission.
That order was issued because the the parties were selling securities in Saskatchewan without being registered to do so, trading securities without filing a prospectus and making misrepresentations about securities, said the SFSC.
www.paherald.sk.ca/news.aspx?storyID=42171 Last Edit: Sep 14, 2010 at 10:19am by sandi66
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Previous CMKM Diamond Press Releases Sep 14, 2010 at 10:17am
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Post by sandi66 on Sep 14, 2010 at 10:17am
11/04/2005- CMKM Diamonds Provides Update
CMKM Diamonds Provides Corporate Update (bwire)
LAS VEGAS (Business Wire) -- CMKM Diamonds Inc. today announced a corporate update to its stockholders by disclosing the following information:
Status of Entourage Agreements. On Oct. 28, 2005, Entourage Mining Ltd. completed a private placement of $1,050,000, which effectively removed all contingencies from the agreements disclosed in the Oct. 21, 2005, CMKM Form 8-K. CMKM is awaiting final receipt of the 50,000,000 shares of Entourage Mining common stock. Upon receipt of the 50,000,000 share certificate, the certificate will be held in trust by Stoecklein Law Group in the firm's bank deposit box pending distribution.
Revocation of 34 Act Reporting. On or about Oct. 28, 2005, the Securities and Exchange Commission, in response to CMKM's withdrawal of its appeal, declared Administrative Law Judge Brenda Murray's initial decision final. This effectively revoked CMKM's reporting status under the Securities Exchange Act of 1934, as amended. As such, it is currently unlawful for any broker dealer to effectuate a trade in CMKM's common stock.
Distribution/Dividend of Entourage Common Stock and all other assets of CMKM. CMKM's board of directors, through the distribution Task Force described below, has resolved to distribute the 50,000,000 shares of Entourage common stock to all CMKM bona fide stockholders. In order to be considered a bona fide stockholder of CMKM, a physical stock certificate issued in his/her/its name will need to be presented to the distribution Task Force for confirmation on or before Dec. 31, 2005, or as extended at the sole discretion of the Task Force.
Electronic and/or other forms of ownership (i.e. -- brokerage statements) will not be accepted by the Task Force as evidence of ownership. Therefore, CMKM stockholders who hold their shares in "street name" will need to demand physical certificates from their broker in order to be considered a bona fide CMKM stockholder and be entitled to their proportionate share of the Entourage common stock and any other assets of CMKM to be distributed to its bona fide stockholders.
At the time of CMKM's revocation, CMKM had 703,518,875,000 shares of common stock validly issued and outstanding.
Urban Casavant, CMKM's sole officer and director, has informed the distribution Task Force that neither he nor his immediate family members will receive any of the Entourage shares in the distribution.
Distribution Task Force. As previously released, CMKM has established a distribution Task Force consisting of Robert A. Maheu, Bill Frizell and Donald J. Stoecklein. The distribution Task Force will be entrusted to ensure the shares of Entourage common stock, and any other assets of CMKM, are distributed to only CMKM bona fide stockholders. The Task Force has been given full and complete authority to use all means necessary, including bringing federal or state court legal action, to make certain all bona fide CMKM stockholders receive their proportionate allocation of the Entourage common stock and any other assets of CMKM available for distribution.
Maheu, former CMKM co-chairman and the designated trustee of the Task Force, stated, "I am fully committed to protecting the interests of bona fide CMKM stockholders, including if necessary, bringing appropriate federal or state court actions to ensure the appropriate distribution of the Entourage shares is made. When I initially took on the assignment of assisting CMKM with its compliance needs, of primary concern was doing the right thing for the stockholders. We faced a tremendous number of hurdles, including the trading halt, administrative hearing and let down of numerous professionals. However, with the continued commitment of Urban Casavant and diligent professionalism of Stoecklein Law Group, we are trying to overcome the obstacles of the past and look forward into the future towards distributing value to CMKM's bona fide stockholders. I want to commend Urban and his immediate family for deciding not to share in the distribution of the Entourage shares. This goes a long way towards showing the Casavant family's continued commitment to the CMKM stockholders." Maheu further stated, "This is a time for the CMKM stockholders to look forward towards the future and forget the past. Working as a united front will allow us to extract all available sources of value for distribution."
The Task Force will be establishing a fax line where all CMKM bona fide stockholders can fax a copy of their certificates to be matched to a certified stockholder list. All CMKM bona fide stockholders will need to be identified on or before Dec. 31, 2005, or as extended at the sole discretion of the Task Force. Once CMKM's bona fide stockholders are identified, the Task Force will issue further instructions on how and when the distributions will be made.
Management. As CMKM is effectively a non-operational company holding only the Entourage shares and intangible assets, Urban Casavant will remain as the sole officer and director of CMKM until the Task Force identifies all bona fide CMKM stockholders and all of the affairs of CMKM are wound up.
Again, neither Casavant nor any of his immediate family members will receive any of the Entourage shares in the distribution.
Nevada Minerals Default. Effective Oct. 29, 2005, CMKM was unable to cure the ongoing default with Nevada Minerals under the Operation Agreement for The American Shaft in Portovelo, Ecuador. Therefore, all of CMKM's right, title and interest in The American Shaft has been relinquished to Nevada Minerals.
Future Correspondence. CMKM stockholders are being asked to please refrain from contacting Maheu and the Stoecklein Law Group. All corporate updates will be made in press releases or other forms of distribution media as they become available. The Task Force is in the process of establishing a Web site,
www.cmkmtaskforce.com, for posting of all corporate updates and other relevant information as and when it becomes available.
CMKM Diamonds Inc., Las Vegas
Investor Relations
702-966-6328
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Previous CMKM Diamond Press Releases Sep 14, 2010 at 10:20am
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Post by sandi66 on Sep 14, 2010 at 10:20am
11/07/2005-Website For All CMKM Diamonds
==============================================
Website For All CMKM Diamonds INC Shareholders
==============================================
For information regarding your CMKX shares at this time until further
news please go to this website.
www.cmkmtaskforce.comRegards,
Craig Doctor
Craig Doctor
(604) 278-4656
===============================================
Copyright (c) 2005 ENTOURAGE MINING LTD. (ETGMF) All rights reserved.
For more information visit our website at
www.entouragemining.com/ or send mailto:info@entouragemining.com
Message sent on Mon Nov 7, 2005 at 2:12:02 PM Pacific Time
==============================================
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Previous CMKM Diamond Press Releases Sep 14, 2010 at 10:22am
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Post by sandi66 on Sep 14, 2010 at 10:22am
CMKM Diamonds Task Force Provides Corporate Update
1/19/2006 3:01:01 PM
LAS VEGAS, Jan 19, 2006 (BUSINESS WIRE) -- CMKM Diamonds Inc. today announced a corporate update to its stockholders by disclosing the following information:
Periodically CMKM intends to provide updates by the Task Force, which has been implemented to distribute assets primarily consisting of 45,000,000 shares of Entourage Mining Ltd. common stock. The Task Force will not be directly responding to questions from CMKM stockholders. Robert A. Maheu, a Task Force Administrator, stated, "The sole purpose of the Task Force is to assist the stockholders of CMKM in obtaining a distribution of the assets of CMKM, pursuant to a Distribution Plan, primarily consisting of the Entourage shares. We are not in a position to and will not speculate on hypotheticals. We are not dealing in the shadows and can assure all CMKM stockholders that all members of the Task Force are working as a united front and are all being provided with the same information."
As to why there has been no news in the past month, the Task Force was awaiting delivery of the share certificate from Entourage, which was received on Thursday, Jan. 12, 2006. The Task Force Administrators were of the opinion that any news relating to the Distribution Plan, without having receipt of the actual assets for distribution, may have sent an improper signal to the stockholders, implying that the assets were in the control of the Task Force.
On Nov. 18, 2005, Entourage Mining Ltd. announced that it had closed the private placement, which was a condition to completing the transaction involving the issuance of an original 50,000,000 shares of Entourage stock to CMKM. Subsequently, as a result of a decrease in the mining claims involved in the original transaction, Entourage unilaterally reduced the number of shares by 5,000,000 shares. (Entourage's press releases can be found on their Web site: http://www.entouragemining.com.)
In order to be considered a bona fide stockholder of CMKM, a physical stock certificate issued in his/her/its name will need to be presented to the Task Force for confirmation on or before the extended date of March 15, 2006, or as further extended in the sole discretion of the Task Force. It is unlikely that this date will be extended again, unless to provide sufficient opportunity for CMKM stockholders to obtain their certificates from brokerage houses, the DTC, and the Transfer Agent. The Transfer Agent has received numerous requests for certificate transfers and is doing its best to process requests as quickly as possible. The Task Force has asked all stockholders to please be courteous to the Transfer Agent and understand the magnitude of their job at hand. The Task Force is in active communication with the Transfer Agent and is doing everything within their power to assist with an orderly and efficient transfer process.
Electronic and/or other forms of ownership (i.e. - brokerage statements) will not be accepted by the Task Force as evidence of ownership. Therefore, CMKM stockholders who hold their shares in "street name" will need to demand physical certificates from their broker in order to be considered a bona fide CMKM stockholder, and be entitled to their proportionate share of the Entourage common stock and any other assets of CMKM to be distributed to bona fide stockholders.
Stockholder's certificates are only being utilized to verify their entitlement to their percentage of the distribution of CMKM assets, primarily consisting, at this time, of the Entourage stock. A stockholder will retain their CMKM shares upon completion of the verification process. It is currently not possible to estimate how long the verification process will take. Any stockholder, who cannot produce a certificate or does not desire receipt of a distribution, will not receive a distribution of Entourage shares or other CMKM assets. Any assets available for distribution will be proportionately distributed to those stockholders who have complied with the certificate verification process. Urban Casavant, CMKM's sole officer and director, has informed the distribution Task Force that neither he nor his immediate family members will receive any of the Entourage shares in the distribution.
The Task Force was formed solely for the purpose of establishing a Distribution Plan and supervising the distribution of the Entourage shares and other assets of CMKM, if any. The Task Force will not be conducting any due diligence to determine the validity of any other potential assets of CMKM other than those stated above. The Frizzell Law Firm is handling the certificate fax-in program and certificate verification. Because of the significant interest of various stockholder groups, it has been determined by the Task Force to delegate the various activities required to comply with a Distribution Plan. The Distribution Plan has not been finalized at this time.
The Task Force has been apprised of the significant rumors pertaining to the receipt of funds and erroneous agreements reached with brokerage firms short in CMKM's stock. Other than the funds received from Casavant to pay for certain of the costs associated with the Task Force's operations, there have been no funds received from brokers/dealers or any other sources. In addition, none of the Task Force Administrators have been in communication with any firm as to a proposal to cover a failed delivery in CMKM stock. Further, Maheu categorically denies that he has a grandson involved with CMKM, and stated that "anyone purporting to be my grandson and involved with CMKM is not legitimate." Additionally, it should be known that the Stoecklein Law Group is not counsel for CMKM. The Stoecklein Law Group is currently involved only in assisting stockholders in the receipt of their appropriate number of shares of Entourage stock and other assets, if available.
The Task Force has established two fax lines (903-595-5724 and 903-595-5394) where all CMKM stockholders can fax a copy of their certificates to be matched to a certified stockholder list. All CMKM stockholders will need to be identified on or before March 15, 2006, or as further extended at the sole discretion of the Task Force. Once CMKM's stockholders are identified, the Task Force will issue further instructions on how and when distributions will be made.
Lastly, each of the members of the Task Force has received subpoenas from the SEC to produce documents and appear for depositions. It is unclear at this time what impact the SEC will have, if any, on the distribution and operations of the Task Force.
CMKM stockholders are being asked to please refrain from contacting Maheu, the CMKX Owners Group, the Frizzell Law Firm and/or the Stoecklein Law Group. All corporate and Task Force updates will be made in press releases or other forms of distribution media as they become available. The Task Force has established a Web site,
www.cmkmtaskforce.com, for posting of corporate updates and other relevant information as and when it becomes available.
SOURCE: CMKM Diamonds Inc.
CMKM Diamonds Inc., Las Vegas
Investor Relations
702-966-6328
Copyright Business Wire 2006
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Previous CMKM Diamond Press Releases Sep 14, 2010 at 10:24am
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Post by sandi66 on Sep 14, 2010 at 10:24am
CMKM Diamonds Task Force Provides Corporate Update
16:58 EST Monday, March 20, 2006
LAS VEGAS (Business Wire) -- The CMKM Diamonds Inc. Task Force today announced an update to the CMKM stockholders by disclosing the following information:
This update is intended to provide information relating to: (1) the status of any additional time for which stockholders will be able to obtain their certificates prior to the establishment of an official distribution list for the distribution of the 45 million Entourage shares currently held in trust by the Stoecklein Law Group; (2) a formal notice to stockholders; and (3) the status of any communications with the DTC and various brokerage firms.
On Feb. 17, 2006, the Task Force stated, "In order to be considered a bonafide stockholder of CMKM, a physical stock certificate issued in his/her/its name will need to be presented to the Task Force for confirmation on or before the extended date of March 15, 2006 or as further extended in the sole discretion of the Task Force. It is unlikely that this date will be extended again, unless to provide sufficient opportunity for CMKM Stockholders to obtain their certificates from brokerage houses, the DTC, and the Transfer Agent." As a result of numerous communications between the Frizzell Law Firm and the DTC, several brokerage firms, and a number of stockholders who have indicated they have not received their certificates from their brokerage firms, and in light of the proposed notice to stockholders described below, the Task Force is providing until 5 p.m. Pacific Standard Time on May 15, 2006, for the authentication of certificate ownership. In addition, the additional time will provide all regulatory agencies sufficient time to provide notice to the Task Force as to any irregularity or issue in the proposed method of distribution.
There has been considerable burden and expense in determining the most efficient method by which stockholders should be notified. Several lists have been obtained from the CMKM Transfer Agent and the ADP (NOBO/OBO) lists, all of which reflect stockholders of CMKM. It is imperative the Task Force use all reasonable efforts to notify the CMKM stockholders and provide sufficient time for each stockholder to obtain and communicate ownership of their share certificate(s) to the Task Force. The Task Force is preparing to provide written notice to CMKM stockholders pursuant to Section 78.370 of the Nevada Revised Statutes, thus the reason for the supplementary time referenced above. Further, the Task Force plans to print a notice to stockholders in at least one national U.S. newspaper. The Task Force is sensitive to the fact this delay may bother some stockholders who have complied with the previous authentication date; however, it is the collective reasoning of all concerned that the mandate of the Task Force be upheld, that being "to assist the stockholders of CMKM in obtaining a distribution of the assets of CMKM." The Task Force is grateful to Urban Casavant for continuing to personally pay the expenses associated with this distribution, including the extensive notification campaign, and the undying commitment of the Frizzell Law Firm in managing the certificate authentication campaign.
It is imperative CMKM stockholders understand none of the Task Force members (Robert A. Maheu, Bill Frizzell and Donald Stoecklein), or their respective firms, is employed by or works for CMKM Diamonds Inc. or Casavant. The Task Force has been notified of CMKM's engagement of John T. Moran III, of Las Vegas, as its new corporate legal counsel.
The Task Force has confirmed Casavant and his immediate family have voluntarily chosen not to participate in the distribution in recognition of Casavant's commitment to the CMKM stockholders. The shares marked for distribution to these individuals will remain in the pool of shares and distributed to the remaining stockholders on a pro rata basis.
As a reminder, certificates are only being utilized to verify entitlement to a percentage of the distribution of CMKM assets, primarily consisting, at this time, of the Entourage stock. Stockholders will retain their CMKM shares upon completion of the verification process and continue to be owners of CMKM. Neither the Task Force, nor any member, is involved or plans to be involved in the continued operation of CMKM post distribution of the Entourage stock. At this time it is not possible to estimate how long the verification process will take or if the May 15, 2006, date will need to be lengthened. Any stockholder who cannot produce a certificate or does not desire receipt of a distribution will not receive a distribution of Entourage shares or other CMKM assets. Any assets available for distribution will be proportionately distributed to those stockholders who have complied with the certificate verification process.
The Task Force continues to receive notice of significant rumors pertaining to the receipt of funds and erroneous agreements reached with brokerage firms short in CMKM's stock. Other than the funds received from Casavant to pay for certain of the costs associated with the Task Force's operations, there have been no funds received from brokers/dealers or any other sources. However, Frizzell has been in communication with firms as to issues pertaining to the inability to produce CMKM stock.
The Task Force has established a fax line (903-595-5394) where all CMKM stockholders can fax a copy of their certificates to be matched to a certified stockholder list. In addition, the Task Force has established a Web site,
www.cmkmtaskforce.com, for posting of corporate updates and other relevant information as and when it becomes available. For information on Entourage, you are directed to their Web site at
www.entouragemining.com.
The information contained in this release is accurate to the best of the Task Force's abilities as of the date set forth above. The Task Force cannot provide any assurance that material aspects of this release will not be altered by events beyond its control or information or facts unknown at this time. The Task Force undertakes no obligation to revise or update the statements made in this release to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
CMKM Diamonds Inc., Las Vegas
Investor Relations
702-966-6328
John T. Moran, III
Business Litigation Lawyer in Las Vegas, Nevada Member
Location
630 South 4th Street
Las Vegas, Nevada 89101
(Clark Co.)
Contact Information
Phone: 702-384-8424
Fax: 702-384-6568
Email: John T. Moran, III
URL:
www.moranlawfirm.comJohn T. Moran, III practices in the following areas of law: Land Use; Governmental Affairs; Regulatory Licensure; Business Litigation; Commercial Litigation; Entertainment; Insurance Defense
Admitted: 2000, Nevada, U.S. District Court, District of Nevada and U.S. Court of Appeals, Ninth Circuit
Law School: California Western School of Law, J.D., 1998
College: Arizona State University, B.S., Political Science, 1994
Member: Clark County and American Bar Associations.
Biography: Licensed Real Estate Agent, Nevada, 1997. Appointed, State Bar of Nevada Ethics and Professional Responsibility Committee, 2001. Appointee: State of Nevada Ethics 2000 Committee (E2K); City of Henderson Mayor and Council, Judge Pro Tem, 2004-2005.
Born: Las Vegas, Nevada, January 13, 1972
Web Site:
www.moranlawfirm.comMoran & Associates (“M&A”) was established in 1975 in Las Vegas, Nevada when John T. Moran, Jr. began his practice of law. Over the last 30 year history, M&A has been committed to completely serving clients throughout the State of Nevada in all areas of the law.
John T. Moran, Jr., M&A’s founder, resided and maintained a presence in the Las Vegas area since 1947. His family has a lifetime history spanning four generations of Nevadans involved in the practice of law, law enforcement, as well as the hotel and casino industry statewide.
M&A, through its Associated Professional Corporations, has represented many clients over the years in legal areas including, but not limited to, land development and land use issues involving zoning, permitting, and entitlement processes. Additionally, M&A has a complete administrative law and Legislative practice appearing before all local and state boards, including City Councils, County Commissions, State Commissions and State Legislature. M&A also has a strong legal practice in areas of complex litigation and extensive experience in handling complex claims, commercial and business litigation, insurance defense, premises liability defense, class action litigation, as well as construction defect. M&A also specializes in employer worker’s compensation defense, which includes defending self-insured employers and thereby representing some of the largest employers in the State of Nevada, including many self-insured groups and private worker’s compensation carriers.
At M&A our dedication is to our clients and professionally representing their interests by aggressively and zealously protecting their causes. Our successes are based upon our legal experience, skills, and longstanding foundation, including many time honored relationships developed in the State of Nevada and particularly Las Vegas. John T. Moran, III
Business Litigation Lawyer in Las Vegas, Nevada Member
Location
630 South 4th Street
Las Vegas, Nevada 89101
(Clark Co.)
Contact Information
Phone: 702-384-8424
Fax: 702-384-6568
Email: John T. Moran, III
URL:
www.moranlawfirm.comJohn T. Moran, III practices in the following areas of law: Land Use; Governmental Affairs; Regulatory Licensure; Business Litigation; Commercial Litigation; Entertainment; Insurance Defense
Admitted: 2000, Nevada, U.S. District Court, District of Nevada and U.S. Court of Appeals, Ninth Circuit
Law School: California Western School of Law, J.D., 1998
College: Arizona State University, B.S., Political Science, 1994
Member: Clark County and American Bar Associations.
Biography: Licensed Real Estate Agent, Nevada, 1997. Appointed, State Bar of Nevada Ethics and Professional Responsibility Committee, 2001. Appointee: State of Nevada Ethics 2000 Committee (E2K); City of Henderson Mayor and Council, Judge Pro Tem, 2004-2005.
Born: Las Vegas, Nevada, January 13, 1972
Web Site:
www.moranlawfirm.comMoran & Associates (“M&A”) was established in 1975 in Las Vegas, Nevada when John T. Moran, Jr. began his practice of law. Over the last 30 year history, M&A has been committed to completely serving clients throughout the State of Nevada in all areas of the law.
John T. Moran, Jr., M&A’s founder, resided and maintained a presence in the Las Vegas area since 1947. His family has a lifetime history spanning four generations of Nevadans involved in the practice of law, law enforcement, as well as the hotel and casino industry statewide.
M&A, through its Associated Professional Corporations, has represented many clients over the years in legal areas including, but not limited to, land development and land use issues involving zoning, permitting, and entitlement processes. Additionally, M&A has a complete administrative law and Legislative practice appearing before all local and state boards, including City Councils, County Commissions, State Commissions and State Legislature. M&A also has a strong legal practice in areas of complex litigation and extensive experience in handling complex claims, commercial and business litigation, insurance defense, premises liability defense, class action litigation, as well as construction defect. M&A also specializes in employer worker’s compensation defense, which includes defending self-insured employers and thereby representing some of the largest employers in the State of Nevada, including many self-insured groups and private worker’s compensation carriers.
At M&A our dedication is to our clients and professionally representing their interests by aggressively and zealously protecting their causes. Our successes are based upon our legal experience, skills, and longstanding foundation, including many time honored relationships developed in the State of Nevada and particularly Las Vegas. John T. Moran, III
Business Litigation Lawyer in Las Vegas, Nevada Member
Location
630 South 4th Street
Las Vegas, Nevada 89101
(Clark Co.)
Contact Information
Phone: 702-384-8424
Fax: 702-384-6568
Email: John T. Moran, III
URL:
www.moranlawfirm.comJohn T. Moran, III practices in the following areas of law: Land Use; Governmental Affairs; Regulatory Licensure; Business Litigation; Commercial Litigation; Entertainment; Insurance Defense
Admitted: 2000, Nevada, U.S. District Court, District of Nevada and U.S. Court of Appeals, Ninth Circuit
Law School: California Western School of Law, J.D., 1998
College: Arizona State University, B.S., Political Science, 1994
Member: Clark County and American Bar Associations.
Biography: Licensed Real Estate Agent, Nevada, 1997. Appointed, State Bar of Nevada Ethics and Professional Responsibility Committee, 2001. Appointee: State of Nevada Ethics 2000 Committee (E2K); City of Henderson Mayor and Council, Judge Pro Tem, 2004-2005.
Born: Las Vegas, Nevada, January 13, 1972
Web Site:
www.moranlawfirm.comMoran & Associates (“M&A”) was established in 1975 in Las Vegas, Nevada when John T. Moran, Jr. began his practice of law. Over the last 30 year history, M&A has been committed to completely serving clients throughout the State of Nevada in all areas of the law.
John T. Moran, Jr., M&A’s founder, resided and maintained a presence in the Las Vegas area since 1947. His family has a lifetime history spanning four generations of Nevadans involved in the practice of law, law enforcement, as well as the hotel and casino industry statewide.
M&A, through its Associated Professional Corporations, has represented many clients over the years in legal areas including, but not limited to, land development and land use issues involving zoning, permitting, and entitlement processes. Additionally, M&A has a complete administrative law and Legislative practice appearing before all local and state boards, including City Councils, County Commissions, State Commissions and State Legislature. M&A also has a strong legal practice in areas of complex litigation and extensive experience in handling complex claims, commercial and business litigation, insurance defense, premises liability defense, class action litigation, as well as construction defect. M&A also specializes in employer worker’s compensation defense, which includes defending self-insured employers and thereby representing some of the largest employers in the State of Nevada, including many self-insured groups and private worker’s compensation carriers.
At M&A our dedication is to our clients and professionally representing their interests by aggressively and zealously protecting their causes. Our successes are based upon our legal experience, skills, and longstanding foundation, including many time honored relationships developed in the State of Nevada and particularly Las Vegas. John T. Moran, III
Business Litigation Lawyer in Las Vegas, Nevada Member
Location
630 South 4th Street
Las Vegas, Nevada 89101
(Clark Co.)
Contact Information
Phone: 702-384-8424
Fax: 702-384-6568
Email: John T. Moran, III
URL:
www.moranlawfirm.comJohn T. Moran, III practices in the following areas of law: Land Use; Governmental Affairs; Regulatory Licensure; Business Litigation; Commercial Litigation; Entertainment; Insurance Defense
Admitted: 2000, Nevada, U.S. District Court, District of Nevada and U.S. Court of Appeals, Ninth Circuit
Law School: California Western School of Law, J.D., 1998
College: Arizona State University, B.S., Political Science, 1994
Member: Clark County and American Bar Associations.
Biography: Licensed Real Estate Agent, Nevada, 1997. Appointed, State Bar of Nevada Ethics and Professional Responsibility Committee, 2001. Appointee: State of Nevada Ethics 2000 Committee (E2K); City of Henderson Mayor and Council, Judge Pro Tem, 2004-2005.
Born: Las Vegas, Nevada, January 13, 1972
Web Site:
www.moranlawfirm.comMoran & Associates (“M&A”) was established in 1975 in Las Vegas, Nevada when John T. Moran, Jr. began his practice of law. Over the last 30 year history, M&A has been committed to completely serving clients throughout the State of Nevada in all areas of the law.
John T. Moran, Jr., M&A’s founder, resided and maintained a presence in the Las Vegas area since 1947. His family has a lifetime history spanning four generations of Nevadans involved in the practice of law, law enforcement, as well as the hotel and casino industry statewide.
M&A, through its Associated Professional Corporations, has represented many clients over the years in legal areas including, but not limited to, land development and land use issues involving zoning, permitting, and entitlement processes. Additionally, M&A has a complete administrative law and Legislative practice appearing before all local and state boards, including City Councils, County Commissions, State Commissions and State Legislature. M&A also has a strong legal practice in areas of complex litigation and extensive experience in handling complex claims, commercial and business litigation, insurance defense, premises liability defense, class action litigation, as well as construction defect. M&A also specializes in employer worker’s compensation defense, which includes defending self-insured employers and thereby representing some of the largest employers in the State of Nevada, including many self-insured groups and private worker’s compensation carriers.
At M&A our dedication is to our clients and professionally representing their interests by aggressively and zealously protecting their causes. Our successes are based upon our legal experience, skills, and longstanding foundation, including many time honored relationships developed in the State of Nevada and particularly Las Vegas.
Licenses: Nevada State Bar-2000; U.S. District Court of Nevada-2000; Ninth Circuit Court of Appeals-2000; Enrolled to practice before the Nevada Gaming Control Board and Nevada Gaming Commission.
Graduate: California Western School of Law, Juris Doctor-1998; Bachelor of Arts in Political Science, Arizona State University-1995.
Member: American Bar Association; Clark County Bar Association; Former law clerk to the Honorable Gary Redmon, Eighth Judicial District Court, Clark County, Nevada; Former legislative clerk for United States Senator Harry Reid (D-NV.); National Association of Alcoholic Beverage Licensing Attorneys; National Conference of State Liquor Administrators; Appointed by State Bar of Nevada to Ethics and Professional Responsibility Committee-2001; Appointed by the Chairman of the Clark County Board of County Commissioners to the Clark County Sport Shooting Park Advisory Committee; Appointee to Ethics 2000 Committee (E2K); Appoined by Mayor of City of Henderson as a Judge Pro Tem, 2004 - present.
Publication: Shriner's Hospital for Children vs. Richmond, Case No. 38673 (2002) (Matter of first impression involving interpretation of a trust and whether it created and granted a general power of appointment consistent with a settlor's intent to grant an unlimited gift to the respondent).
Practice: Litigation and Government Relations; Gaming and Liquor Law; Administrative Law; Commercial Law; Real Property Development; and Defense Litigation.
Email: jt3.moran@moranlawfirm.com
sandi66
vegas member
*****
Executive~Editor & Mining D.D. Specialist
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Posts: 35,257
Previous CMKM Diamond Press Releases Sep 14, 2010 at 10:32am
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Post by sandi66 on Sep 14, 2010 at 10:32am
CMKM Diamonds Provides Corporate Update
Monday August 28, 12:40 pm ET
LAS VEGAS--(BUSINESS WIRE)--Aug. 28, 2006--CMKM Diamonds Inc. wishes to update its loyal and patient shareholder base on current actions of the company and plans for the future.
"I wish to personally thank our shareholders for enduring this extremely long quiet period that has had to take place in order for our Company to comply with regulatory issues and make plans for the company to continue moving forward," stated Urban Casavant.
It should be noted that Mr. Casavant has been suffering from serious health related issues and is no longer able to carry on the day to day related activities of the company. Mr. Casavant plans to remain as a Director of the Company and intends to announce new management within the next two weeks. Along with this announcement, new management will be instructed to re-establish an office within the next 30-45 days.
On June 6, 2006, the Task Force was officially dissolved with a recommendation to the Company to interplead the 45 million share Entourage certificate in United States District Court in an effort to complete the identifying process of the bona fide shareholders and distribute the shares thereafter. The Task Force was created as an independent third party to give an unbiased opinion as to who the bona fide stockholders of CMKM are.
Mr. Casavant added, "I would also like to personally thank the Task Force for all of their hard work. Mr. Maheu, Mr. Stoecklein and Mr. Frizzell have done an exceptional job and the company thanks them for their commitment to accuracy in reporting, due diligence and their firm resolve and pursuit of what has always been the best interests of the shareholders of the Company."
Recently-retained legal counsel for CMKM, John T. Moran III of the Law Offices of Moran & Associates, a law firm whose residence is situated in the Great State of Nevada, will now proceed via the federal court system and, specifically, initiation of action in interpleader and for purpose of accounting and earmarking certificates to those shareholders presenting viable equity in the Company. As part of the Task Force's recommendation, the federal courts have subpoena power which, if deemed appropriate, could ultimately be used to gain cooperation from brokers that have allegedly-refused to comply with the Company and Task Force's efforts to date. This interpleader action must take place so that the Company can move forward.
The Company intends on communicating all related information deemed material to the shareholders in a timely manner and anticipates a busy schedule related to the matters contained in this press release.
The Company wishes to communicate to its shareholders that the message boards are not the place to find official news from the Company. The Company will only disseminate information to its shareholders through the use of an official press release.
Safe Harbor Statement:
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
Contact:
CMKM Diamonds Inc., Las Vegas
Investor Relations, 702-966-6328
--------------------------------------------------------------------------------
Source: CMKM Diamonds Inc.
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