Afri-Can Marine Minerals

Afri-Can Marine Minerals closed a $650,000 non-brokered private placement of 4,062,500 units at 16 cents each, and its contracted sampling vessel is nearing completion of testing in Namibia.

Afri-Can Marine Minerals said the contracted vessel MV DP The Explorer has left Cape Town for Walvis Bay, Namibia, ahead of sampling on its Block J diamond concession.

Afri-Can Marine Minerals appointed Z Star Mineral Resource Consultants to prepare an NI 43-101 diamond resource estimate for its Block J marine concession in Namibia.

Afri-Can Marine Minerals says IMDH's diamond sampling vessel MV DP the Explorer is nearing completion of equipment installation, with block J sampling in Namibia expected in Q3 2009.

Afri-Can Marine Minerals Corp. will close a fully subscribed non-brokered private placement of $350,000, first filed April 8, 2009, subject to regulatory approval.

Afri-Can Marine Minerals' contracted sampling vessel MV DP the Explorer arrived in Cape Town, South Africa, on March 16, 2009.

Afri-Can Marine Minerals closed a non-brokered private placement raising $200,000 through the sale of 2.5 million units at eight cents per unit.

Afri-Can Marine Minerals says the contracted sampling vessel MV DP the Explorer left Singapore on Feb. 10, 2009, bound for Cape Town to prepare for diamond sampling off Namibia.

Afri-Can Marine Minerals Corp. closed a non-brokered private placement of 3,181,250 units at eight cents per unit for gross proceeds of $254,500.

Afri-Can Marine Minerals Corp.'s board extended three tranches of share purchase warrants to Feb. 25, 2010 and repriced them to 15 cents per share, subject to regulatory approval.