Afri-can to Proceed with Closing of Private Placement
Afri-Can Marine Minerals received TSX Venture Exchange approval to close a $1,500,070 private placement funding its Block J diamond exploration program in Namibia.
Diamond Fields Update
Diamond Fields sold diamonds from its Namibian Diaz Reef operations. It sold 3,311.68 carats for $618,186 (U.S.).
Nautilus Retains Technip to Undertake Offshore Pre Feed Engineering Study
Nautilus Minerals has retained Technip to complete a pre-FEED engineering study of the offshore components of its Solwara 1 project in Papua New Guinea, due by September.
Afri-can to Proceed with New Private Placement
Afri-Can Marine Minerals Corp. replaced its April 2006 private placement with a new $1,500,070 placement on revised terms, fully committed and expected to close soon.
Diamond Fields’s McOuat resigns; Moydow takeover update
Diamond Fields director Jack McOuat has resigned from the board. Moydow securityholders will exchange shares under the Feb. 28, 2006 deal.
Diamond Fields Reports Update on Gold Exploration in Liberia
Diamond Fields reports positive gold exploration results in Liberia. Channel samples at Grand Cape returned 13 g/t gold over 1.5 m.
Nautilus Outlines High Grade Au-cu Seabed Sulphide Zone
Nautilus Minerals received first drilling and sampling results from partner Placer Dome at the Solwara 1 seabed sulphide prospect in Papua New Guinea, confirming high-grade gold-copper mineralization.
Diamond Fields Reports Third Quarter Results
Diamond Fields reported a wider Q3 net loss for fiscal 2006. The nine-month loss was $4.9 million, or 5 cents a share, versus $995,000 in 2005.
Diamond Fields Reports Update on Delay in Filing 3rd Quarter Financial Statements
Diamond Fields reports a delay in filing its Q3 2006 statements. BC regulators may issue a cease trade order if it is not filed by May 23, 2006.
Diamond Fields Reports Delay in Filing of Quarterly Report
Diamond Fields delayed filing its third-quarter 2006 report. The TSX granted an extension to May 19, 2006.