Sale of Real Estate Properties in Luderitz, Namibia
Diamond Fields International sold two Luderitz, Namibia properties. Spirit Resources SARL paid $320,000 (US) for them.
Afri-can Completes First Phase of Resources Delineation Program on Block J in Namibia and Will Proceed with a Private Placement
Afri-Can Marine Minerals completed the first phase of its Block J resources delineation program in Namibia on Nov. 22, 2006, and will proceed with a $500,000 private placement.
Interim Financial Statements Filed, Rights Offering Filings To Proceed and Resumption of Mining in Namibia
Diamond Fields filed its Q3 interim financials on Nov. 23, 2006. The mv DF Discoverer resumed mining offshore Namibia on Nov. 19, 2006.
Nautilus Applies for Mineral Rights Over Vast Areas of Seafloor
Nautilus Minerals has applied for 47 new exploration licences covering 108,295 square kilometres of the Bismarck Sea in Papua New Guinea, bringing its total prospective acreage to 122,309 square kilometres.
Diamond Fields Resumes Marine Mining Operations
Diamond Fields resumed offshore mining in Namibia's Diaz Reef. Vessel mv DF Discoverer restarted at ML111 on Nov. 19, 2006.
Diamond Fields International Ltd. — Resource Development Progress and Vessel Update
Diamond Fields completed sampling with Bonaparte Diamond Mines. It recovered 291 diamonds (135.92 carats) and expects mining to resume in November.
Nautilus Minerals Inc.: Us$68.5 Million Financing Closed
Nautilus Minerals Inc. closed a private placement of 22,833,334 common shares at $3 (U.S.) per share for gross proceeds of $68.5-million (U.S.).
Diamond Fields International Ltd. – Annual Financial Statements Filed, Removal of Management Cease Trade Orders and Rights Offering Update
Diamond Fields International filed overdue financial statements. Regulators revoked its management cease trade orders Nov. 1-2, 2006.
Nautilus and Anglo American complete placement
Anglo American, through subsidiary Taurus Investments S.A., acquired 8,333,334 treasury shares of Nautilus Minerals for US$25 million in a private placement, representing approximately 11.46% ownership.
Anglo American Invests Us$25 Million in Nautilus as Part of a Us$68.5 Million Financing
Nautilus Minerals agreed to a US$68.5-million private placement, with Anglo American investing US$25-million and signing a technical-cooperation agreement.