Afri-Can Marine Raises $1,990,613 for Block J Marine Diamond Concession in Namibia

pAfri-Can Marine Minerals Corporation has raised $1,990,613 million from the exercise of 12,935,750 share purchase warrants expiring on February 25th, 2010, 100,000 share purchase warrants expiring on January 26th, 2011 and 235,000 share purchase warrants expiring on May 6th, 2011. The share purchase warrants were exercised at a price of $0.15 each, and the number of Afri-Can common shares outstanding has increased from 163,666,234 on November 30th, 2009 to 176,812,484.br /
The funds will be used for exploration and development of Afri-Canrsquo;s 70%-owned Block J marine diamond concession in Namibia.br /
Afri-Can is a Canadian company, actively involved in the acquisition, exploration andbr /
development of major mineral properties in Namibia. Afri-Canrsquo;s creative and scientific approach targets large marine diamond deposits in unexplored prospective territories./p

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