Diamond Fields’ Rights Offering Closed
Diamond Fields International closed its shareholder rights offering. Shareholders subscribed for 28,036,629 shares at nine cents each.
Epion Holdings Limited Announces Purchase of Additional Nautilus Minerals Inc. Shares and Warrants
Epion Holdings purchased 5,499,109 additional Nautilus Minerals common shares under anti-dilution top-up rights, raising its stake to about 21,849,109 shares.
Nautilus Minerals Inc.: Pounds Sterling 50.8 Million Placing and Admission to Aim
Nautilus Minerals Inc. raised 50.8 million pounds sterling ($100 million U.S.) through a placing of 27,438,606 new shares ahead of its admission to AIM.
Afri-can Updates Ni 43-101 Report and Estimates Diamond Potential on Block J in Namibia
Afri-Can Marine Minerals received an updated NI 43-101 technical report from Delmar Geoservices estimating diamond potential on block J, offshore Namibia.
Nautilus Minerals Inc.: Us$100 Million Project Financing for the Solwara 1 Deep Sea Copper Gold Project
Nautilus Minerals arranged a $100-million (U.S.) equity placing underwritten by Numis Securities to help finance development of its Solwara 1 seafloor copper-gold project in Papua New Guinea.
Mining Commences in Joint Operations Area
Diamond Fields International began diamond mining offshore Namibia. Mining started Jan. 27, 2007, at Diaz Prospect 1 under a deal with Bonaparte.
Neptune signs contract with Geo Subsea for Kermadec exploration program, New Zealand
Neptune Minerals has signed a contract with Norway's Geo Subsea to conduct its Kermadec 2007 exploration program in New Zealand from March to late May 2007.
Rights Offering Expires Tuesday, January 30, 2007
Diamond Fields International's rights offering expires Jan. 30, 2007. Rights trade on the TSX as DFI.RT and expire at 4 p.m. ET.
Afri-can Adopts a New Stock Option Plan
Afri-Can Marine Minerals Corp.'s board has approved a new 2007 stock option plan allowing up to 5.3 million common shares to be issued, subject to regulatory approval.
Major Work Program Committed by Nautilus
Nautilus Minerals contracted Canyon Offshore to supply vessel, ROV and drilling equipment for a 2007 exploration and drilling program at its Solwara projects in Papua New Guinea.