Namibian loses $12.9-million (U.S.) in second quarter
Namibian Minerals reported a second-quarter 2001 net loss of $12.9-million (U.S.), or 17 cents per share, as operations recovered from the NamSSol accident and provisional liquidation.
Afri-Can receives Block B licence area results
Afri-Can Marine Minerals received positive geophysical survey results identifying 17 diamond-bearing sites across six areas in Block B, north of Luderitz, Namibia.
Afri-Can Marine receives approval to close financings
Afri-Can Marine Minerals received regulatory approval to close private placements totalling $1,555,630, with a further $296,490 placement still pending approval.
Namibian makes several board appointments
Namibian (Namco) appointed five new directors and a new CFO following its June 29, 2001 annual general meeting, while creditors approved schemes of arrangement for subsidiaries in provisional liquidation.
Diamond/Trans Hex diamond recovery exceed expectations
Diamond Fields-Trans Hex joint venture recovered over 9,600 diamonds weighing more than 3,100 carats in the first five weeks of commissioning at Marshall Fork, offshore Luderitz, Namibia.
Afri-Can names Worthington as VP, corporate development
Afri-Can Marine Minerals named Euan A. Worthington vice-president, corporate development, and nominated Bernard J. Tourillon to the board.
Afri-Can Marine retains services of DWA
Afri-Can Marine Minerals has retained David Williamson & Associates Ltd. (DWA) of London as its adviser to pursue a listing on the OFEX market.
Namibian review by TSE extended
The Toronto Stock Exchange extended its Namibian Minerals listing review.
Afri-Can concludes private placement agreements
Afri-Can Marine Minerals concluded $1.75-million private placement agreements with European, Canadian and African investors.
Diamond Fields diamond recovery exceeds expectations
Diamond Fields reports diamond recovery exceeding expectations during commissioning of the mv Ivan Prinsep at the Marshall Fork feature offshore Luderitz, Namibia.