Afri-Can Marine Minerals

The Au Limited Partnership acquired 6.25 million units of Afri-Can Marine Minerals Corp. at 16 cents per unit in a private placement.

Afri-Can Marine Minerals Corp. closed a second $1-million tranche of its brokered private placement and raised $435,480 through a non-brokered placement, bringing total proceeds to $2,435,480.

Afri-Can Marine Minerals closed a $1-million first tranche of its private placement, with a further $2-million expected shortly.

Afri-Can Marine Minerals will consolidate its common shares four-to-one, with postconsolidation shares beginning trading on the TSX Venture Exchange on July 5, 2012 under symbol AFA.

Afri-Can Marine Minerals received conditional TSX-V approval to close its $3-million financing following a 4:1 share consolidation.

Afri-Can Marine Minerals shareholders approved a four-to-one share consolidation on June 1, 2012, a condition of its $3-million financing.

Afri-Can Marine Minerals completed a geophysical survey on its EPL 3403 marine diamond concession in Namibia on May 14, 2012.

Afri-Can Marine Minerals began a geophysical survey on May 2, 2012 on its EPL 3403 marine diamond concession in Namibia.

Afri-Can Marine Minerals will start a geophysical survey on EPL 3403 in Namibia on or about April 28, 2012, under a charter agreement with IMDH.

Afri-Can Marine Minerals Corp. has signed a $3-million private placement financing agreement with Mauritius-based Trinity Assets Management International Ltd.