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afri-can marine minerals crp (AFA) Snapshot

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afri-can marine minerals crp (AFA) Details

Afri-Can Marine Minerals Corporation engages in the acquisition, exploration, and development of marine and terrestrial mineral properties in Namibia. It primarily explores for diamonds deposits. The company primarily holds interests in EPL 3403 project, which covers an area of 800 square kilometers and is located to the south of Luderitz town. It also has interests in the Block J Woduna diamond concession that covers an area of approximately 994 square kilometers and is located off the coast of Namibia; and the Haib Copper project, which covers an area of approximately 37,000 hectares and is located in the Karas region. The company is based in Montreal, Canada.

afri-can marine minerals crp (AFA) Top Compensated Officers

Resource Development Manager
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

afri-can marine minerals crp (AFA) Key Developments

Afri-Can Marine Minerals Corporation Announces Transfer Of Listing From TSX Venture Exchange To NEX

In accordance with TSX Venture Policy 2.5, Afri-Can Marine Minerals Corporation has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the opening on Monday, May 4, 2015, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Montreal to NEX. As of May 4, 2015, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies. The trading symbol for the Company will change from AFA to AFA.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market. Further to the TSX Venture bulletin dated January 5, 2015, trading in the shares of the Company will remain suspended.

Afri-Can Marine Minerals Corporation Completes Preliminary Study of the Feasibility of Resuming Mining During 2014 on Mining Lease 111

Afri-Can Marine Minerals Corporation has completed a preliminary study of the feasibility of resuming mining during 2014 on Mining Lease 111 situated off the coast of Namibia, for which Afri-Can has an option to acquire an 80% interest from Diamond Fields Ltd. The Pre-Feasibility Study is based on existing Probable Diamond Reserves of 319,000 carats, which are estimated from portions of the Indicated Mineral Resources. Pre-Feasibility Study Highlights: Afri-Can's share of Net Present Value $20.2 million. Afri-Can's share of Internal Rate of Return 31%. Probable Diamond Reserves 319,000 carats. Average annual production 159,500 carats. Diamond price $484 per carat. Initial Mine Life 2 years.

Afri Can Marine Minerals Corp., Annual General Meeting, Feb 25, 2014

Afri Can Marine Minerals Corp., Annual General Meeting, Feb 25, 2014. Location: Montreal, QC.

 

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