CCM Research Issues Update Report on Consolidated Global Diamond Corp.
12 June 2008 - 4:11AM
Marketwired
TORONTO, ONTARIO .
Consolidated Global Diamond Corp. (TSX VENTURE: CK) is a
Canadian based junior mineral company focused on providing
sustainable growth and value to its shareholders through the
strategic acquisition, exploration and development of diamond
properties into productive mines. The Company is committed to
successful and sustainable growth through responsible
environmental, social, financial, political and operational
management of its shareholders' assets.
In the report the analyst states, "Initial results from the
Spring 2008 drill program confirmed that the massive diamondiferous
crater system (MW93) below Courageous Lake is an extensive
multi-phase kimberlitic volcanic eruptive that is up to 1,100
metres across, almost 60% larger than the original 700 metres
estimate. Four drill holes totaling 850 metres were drilled during
the 2008 spring drilling program."
Regarding cash for continued operation, the analyst notes: "As
of June 1, 2008, Consolidated Global Diamond had approximately $3.5
million in cash and short-term investments. Though our burn rate is
conservative based on the past six months of cash outflows from
operation, we still believe the cash balance should be sufficient
to cover exploration and operating expenditures for, at least, a
year."
A free copy of the report can be found at:
http://www.baystreet.ca/articles/research_reports/ccm_research/CK_UpdateReport_June%20112008.pdf
CCM Research is a division of Cronus Capital Markets, Inc.
Cronus Capital Markets, Inc., through its CCM Corporate Advisory
division, entered into a one year $30,000.00 contract with the
Company to assist it with the creation and execution of
information-based strategies to overcome market inefficiencies that
are commonplace for the vast majority of public companies,
including: share illiquidity, lack of credibility, and stagnant
market capitalization.
Cronus Capital Markets� (CCM) is a leading capital market
services firm providing services to investors, institutions,
exchanges, and public companies. CCM's equity research, indexes,
and ETFs receive international attention and represent important
new sectors of growth.
Cronus Capital Markets, Inc. is the sole source of this press
Release.
The TSX Venture Exchange has neither approved nor disapproved
the contents of the press release.
Contacts: Cronus Capital Markets Peter Soni Chief Information
Officer (416) 368-3700 ext 225 Email:
Peter@cronuscapitalmarkets.com
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