fri-Can Marine Minerals Corporation has closed a non-brokered private placement in the amount of C$650,000 for the sale of 4,062,500 units, at a subscription price of $0.16 per Unit.
In other news, Afri-Can has been informed by International Mining and Dredging Holding Ltd. (IMDH) that the contracted diamond sampling vessel MV DP The Explorer is close to completion of its tests in Namibia. Progress to date has included sea testing in a variety of depths and conditions, and calibration of the new onboard sampling equipment, the treatment plant and the Dynamic Positioning system (DP II). IMDH is satisfied with the performance of the vessel and its equipment, and is presently conducting crew training.
A detailed schedule for the sampling program on Block J will be established as soon as IMDH confirms that the vessel, its sampling system and crew are functioning at optimal efficiency. A complete schedule of operation will be communicated to our shareholders in due course.
“We are delighted with IMDH’s rigorous testing program and commitment to having the vessel operate at high efficiency. Since the vessel’s equipment is new, potential teething troubles need to be identified and corrected. Our main aim is to ensure performance of our sampling program
with the highest confidence in the integrity of our samples. IMDH is providing a system that will meet our goal,” said Pierre Léveillé, Afri-Can’s President and CEO.
Related posts:
- Afri-Can Marine Minerals Corporation Amends Agreement over Diamond Sampling in Namibia
- Afri-Can Marine Agreement on Sampling Block J Marine Diamond Concession in Namibia with International Mining and Dredging Holding Amended
- AFRI-CAN MARINE MINERALS ACQUIRES MARINE DIAMOND CONCESSION ADJACENT TO NAMDEB’S ATLANTIC ONE MINING LEASE IN NAMIBIA
- AFRI-CAN MARINE MINERALS ESTABLISHES DIAMOND RESOURCE AND POTENTIAL ON THE BLOCK J MARINE CONCESSION IN NAMIBIA
- DIAMOND COMPANY AFRI-CAN MARINE MINERALS CLOSES A PRIVATE PLACEMENT
