Afri-Can Marine Minerals

Afri-Can Marine Minerals has signed a deal with De Beers Marine to run a reconnaissance sampling program on its Block J marine diamond concession off Namibia starting Nov. 20.

Afri-Can Marine Minerals has completed the reconnaissance sampling layout for its block J marine diamond concession off Namibia.

Afri-Can Marine Minerals raised its interest in Namibia's Block J licence to 40 per cent after Woduna Mining Holding accepted shares instead of cash.

Afri-Can Marine Minerals reported positive geophysical survey results identifying 17 prospective diamond-bearing features across Block J, north of Luderitz, Namibia.

Afri-Can Marine Minerals received regulatory approval to close a $296,490 private placement of 1,411,857 units to fund diamond exploration sampling programs.

Afri-Can Marine Minerals received positive geophysical survey results identifying 17 diamond-bearing sites across six areas in Block B, north of Luderitz, Namibia.

Afri-Can Marine Minerals received regulatory approval to close private placements totalling $1,555,630, with a further $296,490 placement still pending approval.

Afri-Can Marine Minerals named Euan A. Worthington vice-president, corporate development, and nominated Bernard J. Tourillon to the board.

Afri-Can Marine Minerals has retained David Williamson & Associates Ltd. (DWA) of London as its adviser to pursue a listing on the OFEX market.

Afri-Can Marine Minerals concluded $1.75-million private placement agreements with European, Canadian and African investors.