Afri-Can Marine Minerals

Deep-South Mining signed an option agreement with Teck Namibia to earn 60 per cent of the Zebrafontein exploration and prospecting licence in southern Namibia.

Afri-Can Marine Minerals received TSX Venture Exchange approval to acquire 20 per cent of Thyme Investments, owner of the EPL 3403 marine diamond concession in Namibia.

Afri-Can Marine Minerals is exercising its option to acquire 20 per cent of Thyme Investments, owner of the EPL 3403 marine diamond concession in Namibia, under an amended agreement with IMDH and BVI.

Afri-Can Marine Minerals and Deep-South Mining have engaged Jennings Capital as financial adviser and lead agent to list their combined 30-per-cent interest in the Haib Copper project in Namibia.

Teck Cominco Namibia exercised its option to earn a 70-per-cent interest in the Haib copper project in Namibia 16 months ahead of schedule.

Afri-Can Marine Minerals closed a non-brokered private placement raising $1,106,700 through the sale of 15.81 million units at seven cents each.

Afri-Can Marine Minerals plans a geophysical survey and resource delineation sampling on EPL 3403 in Namibia following its April 19, 2011 preliminary sampling results.

Afri-Can Marine Minerals Corp. will close a non-brokered private placement of up to $1.3-million, with $1.0-million already fully subscribed, subject to regulatory approval.

Afri-Can Marine Minerals completed a sampling program on EPL 3403 offshore Namibia on April 19, 2011, recovering 84 diamonds including four stones over one carat.

Afri-Can Marine Minerals hired Paradox Public Relation Inc. and extended two share purchase warrant tranches to May 20, 2012.