Kelsey Lake

Key Facts
  • UpdatedSep 30, 2005
  • CreatedMay 01, 2000
  • Asset TypeMine
  • LocationUnited States
Latest Information
  • 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 from Unknown
  • Diamond Recovery to Begin / Share Divide Under Review
    Diamond Recovery to Begin / Share Divide Under Review
    On Aug 16, 2000 from Unknown
  • 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 from Unknown
  • Kelsey Lake Diamond Mine Released From Bankruptcy
    Kelsey Lake Diamond Mine Released From Bankruptcy
    On May 01, 2000 from Unknown
  • Purchases Kelsey Lake Diamond Mine From Redaurum LTD
    Purchases Kelsey Lake Diamond Mine From Redaurum LTD
    On Apr 19, 2000 from Unknown

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