Poseidon

Afri-Can Marine Minerals Corp. completed an NI 43-101 qualifying report on its EPL 3403 marine diamond concession in Namibia, prepared by Richard Foster.

Afri-Can Marine Minerals' Zstar-authored NI 43-101 report estimates an inferred resource of 154,000 carats in a 1.72-square-kilometre area of its 70%-owned Block J concession offshore Namibia.

Afri-Can Marine Minerals has agreed to acquire 100 per cent of exploration and prospecting licence EPL 3403 in Namibia for 65 million common shares.

Afri-Can Marine Minerals Corp. closed the second and final tranche of its private placement, raising $200,000 through 2.5 million units at eight cents each.