Nautilus Minerals has filed a preliminary prospectus for a $40-million rights offering of 200 million common shares at 20 cents each, backstopped by MB Holding Company LLC.
Afri-Can Marine Minerals signed an option agreement with Diamond Fields International to acquire up to a 90-per-cent interest in four diamond mining leases off Luderitz, Namibia.
Nautilus Minerals released its audited financial results for the year ended Dec. 31, 2012, reporting $57.8-million (U.S.) in cash and continued efforts to resolve a dispute with Papua New Guinea.
Afri-Can Marine Minerals Corp. has completed the acquisition of a 20 per cent interest in Thyme Investments, owner of the EPL 3403 marine diamond concession in Namibia, in exchange for shares.
Nautilus Minerals will cancel its AIM listing effective March 8, 2013, citing low share liquidity and high listing costs, while keeping its Toronto Stock Exchange listing.
Afri-Can Marine Minerals completed the first phase of sampling on the EPL 3403 marine diamond concession in Namibia on Dec. 16, 2012, recovering 17 diamonds.
Nautilus Minerals says its two largest shareholders have not been approached about Michael Bailey's unsolicited takeover bid announced Jan. 7, and the board cannot yet validate the offer.