Dual listing in Namibia
Namibia's ministry of finance confirmed Reserve Bank of South Africa approval for the company's dual listing on the Namibian Stock Exchange.
Samples indicate potential
Preliminary survey results show all three marine concession areas, totalling 1035 square km, contain significant diamond bearing potential.
$15,275,000 financing completed
The company completed a brokered private placement of 4,700,000 units at $3.25 per unit for total proceeds of $15,275,000.
Namibian operations officially opened; Namibian listing application
Namco officially opened its Namibian operations on December 3, 1993, and received ministerial backing for a Namibian stock exchange listing…
$15m private placement
The company arranged a $15,275,000 brokered private placement of 4.7 million units with Yorkton Securities to fund a three-phase marine…
Board changes
On October 22 1993 Messrs Carlo Civelli, Peter Greenhalgh and Charles Purdy were nominated and appointed as directors of the company. Mr…