Kelsey Lake Diamond Mine Sold Mckenzie BAY International has Entered Into a Contract to Sell its Wholly Owned Subsidiary, Great Western Diamond Company, to Roberts Construction Company, a Private North Dakota Corporation, and Bj&J Ltd, a Private Colorado Corporation. Great Western Owns the Kelsey Lake Diamond Mine in Colorado. the Companies Will Acquire Great Western for NET Book Value of all Equipment Less Outstanding Debts at Time of Option. in Addition, for a Period of Five Years From the Closing Date, Mckenzie BAY is to Receive a Royalty Equal to 50% of Revenue NET of Expenses Based on any Diamonds Recovered Over 10 Carats PER Hundred Tons of Kimberlite Mined Based on an Average Price of US$118 PER Carat. Roberts Will be the Operator Throughout the DUE Diligence Period. On Sep 10, 2001
Diamond Recovery to Begin / Share Divide Under Review Diamond Recovery to Begin / Share Divide Under Review On Aug 16, 2000
Kelsey Lake Diamond Mine - Update Equipment Installation and Set-Up has Been Underway for Over two Months at Mckenzie BAY International's Kelsey Lake Diamond Mine in Preparation to Begin Diamond Production This Year. Financing Arrangements Have Been Established for$2.8 Million of Additional Equipment Necessary to Start-Up the Mine. the Kelsey Lake Mine is Located Near FT. Collins, Colorado, Along the Colorado-Wyoming State Line and is the Only Diamond Mine in the Usa. On Jul 25, 2000
Kelsey Lake Diamond Mine Released From Bankruptcy Kelsey Lake Diamond Mine Released From Bankruptcy On May 01, 2000
Purchases Kelsey Lake Diamond Mine From Redaurum LTD Purchases Kelsey Lake Diamond Mine From Redaurum LTD On Apr 19, 2000
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