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Mar 30, 2005 (M2 PRESSWIRE via COMTEX) -- Stock Watch Alert: (Pink Sheet: SGGM) St. George Metals, Inc. and (Pink Sheet: CMKX) CMKM Diamonds Joint Venture Agreement Interests ***********.com Both Stocks Included in OTCBB Stock Watch Section at ***********.com (Pink Sheet: SGGM) St. George Metals, Inc.
(Pink Sheet: CMKX) CMKM Diamonds
SGGM continues to increase in daily volume. Volume for Tuesday 5/28/05 was 953,882 trading as high as .16 cents. Tuesdays volume was over two times the previous days volume of 349,173. Previous to the last two trading days SGGM had very little volume, some days zero volume. This increase in volume puts SGGM as high profile target for CMKX and SGGM investors/shareholders.
According to company IR, Vicki Curran, stated today that news is imminent.
(Pink Sheet: CMKX) CMKM Diamonds and (Pink Sheet: SGGM) St. George Metals, Inc. according to past press releases have a joint venture agreement in place. Shareholders from both companies anxiously await the outcome of the previous joint venture agreement.
Partial Press Release Content:
"St. George Metals, Inc. (Pink Sheets:SGGM) is pleased to announce that the Company has delivered the 4th and final payment of $2,500,000 U.S. Dollars to CMKM Diamonds, Inc. (Pink Sheets:CMKX) totaling now $10,000,000 U.S. Dollars of the $10,000,000 U.S.D. joint venture agreement between St. George Metals, Inc. and CMKM Diamonds,Inc."
"In consideration for $10,000,000 US Dollars and two hundred billion (200,000,000,000) restricted shares of SGGM St. George Metals,Inc. will purchase a 5% unencumbered and absolute interest in any and all mineral claims held by CMKM Diamonds, Inc. CMKM Diamonds, Inc. is one of the largest holders of claims in the Fort A La Corne Saskatchewan diamond exploration fields which include DeBeers and Kensington."
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