Afri-Can Marine Minerals will begin the first phase of its resources delineation program on block J in Namibia on Oct. 8, 2006, lasting approximately 25 days.
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.
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.
Afri-Can Marine Minerals and IMD have fulfilled all conditions to resume diamond exploration on marine concession block J in Namibia and Afri-Can will proceed with a private placement of up to $2.85-million.
Afri-Can Marine Minerals Corp. has retained PaRadox Public Relations for investor relations services and granted stock options to PaRadox and four directors.
Afri-Can Marine Minerals has signed an agreement with International Mining and Dredging Holding to resume diamond exploration on marine concession block J in Namibia.
Afri-Can and Deep South signed an option and operating agreement letting Copper Resources Corp earn up to a 70-per-cent interest in the Haib copper project in Namibia.
Afri-Can Marine Minerals Corp. fully subscribed its rights offering and closed private placements, raising a combined $2,138,646 at 10 cents per share.