quote:

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Originally posted by Tamie:
Well I am glad we have a clean thread. And no posts....Imagine that

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Press Release for U S Cdn Minerals Inc


U.S. Canadian Minerals, Inc. Secures Funding Transaction
8/20/2004 6:00:00 AM
LAS VEGAS, Aug 20, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals, Inc. ( UCAD ) announced today that it has signed an agreement with a private investment company to engage in a transaction for the funding of the Company. The Agreement calls for the purchase, by the investment company, of U.S. Canadian Minerals, Inc. common shares, valued at the time of the closing at $9,005,355 USD, in exchange for shares of the investment company.

The investment company is a newly formed London-based entity that will apply for its shares to be admitted to trading on the London stock exchange as an investment trust. The investment company has been established specifically to invest in US micro cap companies with long term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by September 30, 2004.

The investment company has entered into a "lock-up" agreement with U.S. Canadian Minerals, Inc. pursuant to which it has agreed not to trade U.S. Canadian Minerals, Inc. shares it will receive as a result of this transaction for a period of two years from the closing date. In full payment for the shares of U.S. Canadian Minerals, Inc., the investment company will issue to U.S. Canadian Minerals, Inc. $9,005,355 USD equivalent of its shares at a price per share valued at One Pound Sterling.

Fifty percent of the investment company's shares issued to U.S. Canadian Minerals, Inc. will be held in escrow for two years following their issuance and in the event the per share market price of U.S. Canadian Minerals, Inc. common stock at such time is less than the per share value of U.S. Canadian Minerals, Inc. stock at the time of the closing, the investment company shall be entitled to the return out of escrow a percentage of the investment company's shares equal to the market value of such decline. The remaining shares held in escrow shall be released to U.S. Canadian Minerals, Inc. at the time of any such release back to the investment company. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before September 30, 2004.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements.

SOURCE: U.S. Canadian Minerals, Inc.

http://www.cmkxtreme.com/creditcard.asp

http://www.cmkxtreme.com/Enrollment%20App-9D.pdf

Ken

quote:

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Originally posted by valves:
Monthly maintenance fee of $4.25.

hmmm

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PLUS, you have to pay something for every transaction of any kind. No thank you.

quote:

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SO
$9005355 UCAD@$5.25=1.715305 restricted shares to "PIC"
We get unrestricted shares to sell IF they go on london Exchange. Where is the "Funding"
VAN

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I tried starting a thread called "The Back Alley". My goal was to divert arguments away from the real threads. Although I appreciate your intentions, this new thread serves only to divert valid information from the CMKX thread.

We all have better things to do, than sort through juvenile bickering, but I also don't enjoy sorting through 2 threads to make sure I don't miss something important.

Your intentions were noble, but the outcome is, we now have a redundant thread, which some here consider annoying.

News from our neighbor. Looks like everbody up there is diversifying their holdings.

Shore receives further 2.75 million financing - Completes purchase of process plant
Friday August 20, 1:31 pm ET

Stock Symbol: TSX-V: SGF
SASKATOON, SK, Aug. 20 /CNW/ - Kenneth E. MacNeill, President and Chief Executive Officer of Shore Gold Inc. ("Shore"), is pleased to report that Magma Diamond Resources Ltd. ("Magma") has exercised its share purchase warrants and acquired an additional 2,500,000 common shares at a price of $1.10 per share for net proceeds of $2,750,000. Shore has used a portion of the proceeds from the warrant exercise to purchase the remaining interest in the modular Dense Media Separation ("DMS") plant, which is currently processing kimberlite as part of the 25,000 tonne bulk sample.
Magma is part of the Steinmetz Diamond Group, one of the world's largest integrated diamond marketing and trading companies with offices in Antwerp, Tel Aviv, Mumbai, Johannesburg, New York and Chicago. The principal of the Steinmetz Group is Mr. Beny Steinmetz, an international investor with extensive holdings in diamonds, natural resources, engineering and real estate. With the exercise of the warrants, Magma now owns 5,000,000 common shares, or 9.41% of the 53,109,936 issued shares.

Shore has purchased the remaining 50 per cent interest in the modular DMS Plant from Bateman Minerals (Pty) Ltd. for $1,692,804. Bateman, a Steinmetz Group company, is one of the world's foremost providers of process and recovery expertise and equipment to the diamond mining industry. Bateman designed and built the Shore DMS plant. Full ownership of the processing facility provides Shore the flexibility to process additional bulk samples from the Star and other Fort a la Corne kimberlites.

Mr. MacNeill states, "We are very pleased with the vote of confidence shown in Shore and the Star diamond project by such an important world diamond player as the Steinmetz Group." Addressing the purchase of the plant, Mr. MacNeill added, "Owning 100% of the DMS plant opens all sorts of opportunities for Shore in the Fort a la Corne field."

Shore is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the TSX Venture Exchange under the trading symbol "SGF".

"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release."

http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=14555

CMKX showed a spike on three stock charts to .004

I have also heard it called a fat finger number. It could be just an innocent decimal point error. Or maybe done on purpose to throw off charting and make the stock appear to be moving.

I LOVE IT

quote:

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Originally posted by STAR GAZER:
We have through today to buy shares and still get the dividend. I put in an order to buy at .0004 and got it filled in 3 minutes.

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SG-
Money_Penny responded to your post on one of the OTHER cmkx threads.

If you don't mind I will post to this thread.
I am not into the pumpers thread and do not like
the tone of Noah's...

Total = 1,163,774,605

I really do hope it works for you.

I started with $2K in fall of 02 had a high of $30K this past winter.

Since then seen most of my profits
decrease to about 16K. For me this has been
fun money since I have not added any to
the original 2K.

Hope things work out... This company really
is a slam dunk it they would pull their act
together.