Afri-Can Marine Minerals Corporation to Proceed with Private Placement Agreements.MONTREAL -- Afri-Can Marine Minerals Corporation ("Afri-Can") announces that the Corporation will proceed with private placement agreements totalling $750,000. The private placement will comprise a maximum of 7,500,000 units priced at $ 0.10 per unit. Each unit consists of one share and one-half of one non-transferable warrant. Each full warrant will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to purchase one common share at $0.15 on or prior to 2 years from the date of closing. The placement is subject to regulatory approval. Proceeds from the private placement will be used to reduce the working capital deficit of the Corporation and further the development of the Corporation. Afri-Can is a Canadian company, actively involved in the acquisition, exploration and development of significant mineral properties in Namibia. The Corporation's large and prospective license holdings, together with its growth strategy, place it as the partner of choice for Namibian Empowerment Groups. Shares outstanding: 77,715,975 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the adequacy or accuracy of this release. Afri-Can Marine Minerals Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AFA AFA In currencies, this is the abbreviation for the Afghanistan Afghani. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) (FRANKFURT:AJF AJF Atlanta Jazz Festival AJF Allied Joint Force ) |
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