Afri-Can Marine Minerals Corporation

Afri-Can Marine Minerals Corporation

January 07, 2011 15:00 ET

Afri-Can Extends Share Purchase Warrants

MONTRÉAL, QUÉBEC--(Marketwire - Jan. 7, 2011) - Afri-Can Marine Minerals Corporation (TSX VENTURE:AFA) announces that its Board of Directors, by a resolution adopted on January 5, 2011, has authorized the extension until January 26, 2012 of the 1,590,625 share purchase warrants set to expire on January 26, 2011. These warrants have an exercise price of $0.15.

As of today, 100,000 of the original 1,590,625 purchase warrants have been exercised, leaving 1,490,625 warrants outstanding.

The extension is subject to the approval of regulatory authorities.

The TSX Venture Exchange (TSX VENTURE) does not accept responsibility for the adequacy or accuracy of this release.

About Afri-Can Marine Minerals Corporation

Afri-Can is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. Afri-Can's creative and scientific approach targets large marine diamond deposits in prospective territories.

This press release contains certain "forward-looking statements," as identified in the Afri-Can's periodic filings with Canadian Securities Regulators that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Shares outstanding: 192,917,484

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Afri-Can Marine Minerals Corporation
    Pierre Leveille
    President & CEO
    514-846-2133 / TOLL FREE North America: 1-866-206-7475
    514-372-0066 (FAX)
    Afri-Can Marine Minerals Corporation
    Bernard J. Tourillon
    Executive V.P. and CFO
    514-846-2133 / TOLL FREE North America: 1-866-206-7475
    514-372-0066 (FAX)