Afri-Can Marine Minerals Corporation ("Afri-Can") announces that it has closed the second and last part of its non-brokered private placement for an additional amount of $ 200,000 for the sale of 2,500,000 units (‘Unit'), at a subscription price of $0.08 per Unit.
Afri-Can Marine Minerals Corporation ("Afri-Can") announces that it has closed a non-brokered
private placement in the amount o $ 1 million for the sale of 12,500,000 units (‘Unit'), at a
subscription price of $0.08 per Unit.
Afri-Can Marine Minerals (TSX.V:AFA) (“Afri-Can”) today announced that it has engaged
Humbercrest Capital of Toronto to provide investor relations services for the Company.
Afri-Can Marine Minerals Corporation ("Afri-Can") has been informed by Teck Namibia Limited, a
wholly owned subsidiary of Teck Resources Limited (“Teck”), that it has recently completed a
5,000 meters drilling program on the Haib Copper project in Namibia.
Afri-Can Marine Minerals Corporation ("Afri-Can") has updated its business development plan.
As a result of the successful 1st stage evaluation sampling program on its 70%-owned Block J
marine diamond concession in Namibia, Afri-Can now has the foundation to strengthen its
development and to achieve its primary goal of developing an economic diamond resource
ready for production.
Afri-Can Marine Minerals Corporation ("Afri-Can") today summarized the results of its
successful sampling program completed on May 26, 2010 on its 70%-owned Block J marine
diamond concession in Namibia. The first stage evaluation sampling program has been
completed and has resulted in the recovery of 398 diamonds weighing a total of 48.65 carats.
The quality of the diamonds is very high and is typical of the quality found off the coast of
Namibia.
Afri-Can Marine Minerals Corporation ("Afri-Can") reports success from its marine sampling
program on Block J in Namibia. After the first 13 days of the program, Afri-Can has excavated
169 samples of which 130 samples were evaluation samples.
Afri-Can Marine Minerals Corporation ("Afri-Can") today described the objectives of the sampling program presently
underway on its 70%-owned Block J marine diamond concession in Namibia.
The mineralised areas of Block J amount to about 41.7 sq.km. In a NI 43-101 report dated 30th March 2008,
a potential diamond content of between 700,000 carats and 1.8 million carats was declared in 12.3 sq.km (29%)
of the mineralized areas (see press release dated April 21, 2008), leaving 29.4 sq.km undeclared.
Afri-Can Marine Minerals Corporation ("Afri-Can") has been informed by International Mining and
Dredging Holding Ltd (“IMDH”) that the umbilical cable on the sampling vessel DP The Explorer
has been changed and that the umbilical compensation system has been successfully tested at
sea. The umbilical cable transmits power and communicates operational instructions to the
sampling tool. The vessel will return to the port of Luderitz on Friday, April 23th. Afri-Can and
IMDH have agreed to start the sampling program on Block J on April 24th, 2010.
Afri-Can Marine Minerals Corporation ("Afri-Can") has been informed by International Mining and
Dredging Holding Ltd (“IMDH”) that a deficiency has been identified with the umbilical
compensation system and the umbilical cable on the sampling vessel DP The Explorer.
Afri-Can Marine Minerals Corporation ("Afri-Can") reports that it has received all necessary
permits from Namibian authorities in order to start the marine diamond sampling program.
Afri-Can Marine Minerals Corporation ("Afri-Can") reports that since November 30th, 2009, the
Corporation has raised $1,990,613 million from the exercise of 12,935,750 share purchase
warrants expiring on February 25th, 2010.
Afri-Can is ready to start diamond sampling on Bloc J in Namibia
Afri-Can Marine Minerals Corporation ("Afri-Can") announces that International Mining and Dredging Holding Ltd (“IMDH”) has confirmed that all preparatory testing is now complete and the vessel DP The Explorer is ready to commence sampling activities.
Afri-Can Marine Minerals Corporation ("Afri-Can") announces that following the acquisition of data from a regional geophysical survey carried out in 2007 by International Mining and Dredging Holding Ltd (“IMDH”), Afri-Can's geological team, in conjunction with its consultant Zstar Mineral Resource Consultants (“Zstar”), have revised and increased the surface of the
target areas for the marine diamond sampling program.
Afri-Can Marine Minerals Corporation ("Afri-Can") announces that the agreement previously
reported on December 10, 2009 regarding sampling of its 70%-owned Block J marine diamond
concession in Namibia with International Mining and Dredging Holding Ltd. (“IMDH”) has been
amended and has been approved by the TSX Venture Exchange.
