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[QUOTE]Originally posted by noahltl: [QB] So here's a little more DD I picked up on another board that may help people make informed decisions on the stock. Informative SEC report. ASAVANT MINING KIMBERLITE INTERNATIONAL, INC. (formerly Cyber Mark International Corp.), a Nevada corporation, with its principal office located in Las Vegas, NV USA "Company"), and BUCKSHOT HOLDINGS LTD., COMMANDO HOLDINGS LTD., 101010307 SASKATCHEWAN LTD., 101012190 SASKATCHEWAN LTD., 101027101 SASKATCHEWAN LTD., FORT A LA CORNE DIAMOND FIELDS, INC., URBAN CASAVANT/CASAVANT FAMILY, and URBAN CASAVANT agent for PRE-MERGER SYNDICATE (the "Sellers"). April 2003 Urban Cassavant entered into share lockup agreement of 600,000,000 shares of common stock for three years at which time he will not be able to sell, transfer, or pledge or otherwise dispose of the shares. dated September 30, 2002) total assets of $344 in cash; total liabilities of ($1,672) for accounts payable; total stockholders' equity ($1,33; and total liabilities and stockholders' equity of $344. This was based on the Company's then current share capitalization which consisted of 500,000,000 shares of common voting stock at $.0001 par value with 352,223,510 shares issued and outstanding. This did not include preferred stock which consisted of 3,000,000 shares at $.001 par value. In order to effectuate the merger with the Casavant Mineral Claims, the majority shareholders' holding more than 51% of the voting shares approved an increase in the authorized capital of the Company from 500,000,000 to 10,000,000,000 with the cancellation of all Preferred shares. Prior to this action, the Company had 3,000,000 Preferred shares authorized with 1 Preferred share issued and outstanding. This Preferred share had been purchased by the majority shareholders in 2001 for $235,000 from the Jarvis Entertainment Group, Inc., thereby giving them voting control of the Company. On November 25, 2002, the Company's shares were valued at $0.0014 and the Casavant Mineral Claims were valued at over $10,000,000 in situ, but did not include pre-claims exploration, consulting and other expenses incurred (the "Additional Claims Expenses"). These Additional Claims Expenses were valued at $3,000,000 at the time of the merger. As of the Record Date, there were 7,241,653,404 shares of Common Stock issued and outstanding. The Common Stock constitutes the outstanding class of voting securities of the Company. Each share of Common Stock entitles the holder to one (1) vote on all matters submitted to the shareholders. Total issued and outstanding shares as of January 15, 2003 was 7,241,653,404 common shares. Amended Corporate Charter The corporate charter of Cyber Mark International, Inc., a Nevada corporation, was amended to reflect a name change to "Casavant Mining Kimberlite International, Inc." effective December 3, 2002. The corporate charter was amended to increase authorize share capital to 10,000,000,000 common voting shares in order to effectuate the merger. This increase in share capital was necessary in order to complete the merger with the Casavant Mineral Claims since the value of the properties to be assigned to the Company exceeded its nominal cash reserves of $344 as reported in its 10-QSB dated September 30, 2002. All 3,000,000 Preferred shares were cancelled. On December 30, 2002, the company acquired Fifty Million Dollars ($50,000,000) worth of Ancient Chinese Jade as appraised by Elizabeth Childs-Johnson, from Opal Financial and Development Corporation, for a total of Five Hundred Million Shares (500,000,000) of common stock of the corporation. The company intends to use the Jade for forthcoming exhibitions in conjunction with Casavant Diamonds to promote the Casavant name. Private Placement Financings The majority shareholders approved the Company's private placement financing which to date has raised $2,000,000 through the sale of 560,000,000 common voting shares at $0.0143 per share. [/QB][/QUOTE]
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