Namco Announces Results of Shareholders Meeting
Namibian Minerals Corporation shareholders approved restructuring transactions and a share compensation plan at a special meeting held Jan. 17, 2002.
Afri-can Marine Minerals Increases and Closes Private Placeme …
Afri-Can Marine Minerals closed a $532,450 private placement of 2,315,000 units and announced a further $199,985 placement, with proceeds funding Namibian exploration.
Afri-can Marine Completes Its Reconnaissance Sampling Program …
Afri-Can Marine Minerals completed initial sampling of its Block J diamond concession offshore Namibia on Dec. 22, 2001.
Namco Announces Board Changes and Company Update
Namibian Minerals secured a $3-million bridging loan from major shareholder LL Mining and announced board changes including a new chairman and interim CEO.
Afri-Can completes $420,000 financing
Afri-Can Marine Minerals closed a $420,000 private placement of units priced at 23 cents to fund Namibia exploration.
Afri-Can clarifies bulletin on shares for debt
Afri-Can clarified a CDNX bulletin confirming it issued 662,640 shares to Woduna Mining Holding to raise its stake in Namibia's concession block J to 40 per cent.
Namibian receives capital repayment extension
Namibian Minerals' senior lenders extended the company's capital repayment moratorium until Dec. 15, 2001, as banking facility rescheduling talks near completion.
Namibian drilling indicates 77% success ratio
Namco reported interim sampling results from Mining Licence 51 and Bakers Bay (Mining Licence 36A) in Namibia, showing a 77 per cent diamond recovery success ratio.
Afri-Can commences initial sampling on Block J
Afri-Can Marine Minerals has begun initial reconnaissance sampling on its Block J marine diamond concession off Namibia, using De Beers Marine's vessel MV Douglas Bay.
Diamond Fields has positive operating margin in Q1
Diamond Fields reported a positive operating margin for the quarter ended Sept. 30, 2001, from its diamond joint venture with Trans Hex Group.