Afri-Can Marine Minerals Corporation

Afri-Can Marine Minerals Corporation

July 13, 2010 09:55 ET

Afri-Can Marine Minerals Engages Investor Relations Firm

MONTRÉAL, QUÉBEC--(Marketwire - July 13, 2010) - Afri-Can Marine Minerals (TSX VENTURE:AFA) ("Afri-Can") today announced that it has engaged Humbercrest Capital of Toronto to provide investor relations services for the Company.

Humbercrest Capital provides strategic counsel to small and medium cap companies, primarily in the resource sector. The President of Humbercrest Capital is Michael Joyner, an experienced finance and communications executive with an extensive corporate development and investor relations background. Effective July 6, 2010, Humbercrest Capital will provide services for a remuneration of $ 5,000 per month for a minimum 6 month period. A consideration of 250,000 Afri-Can options will also be granted to Mr. Joyner. The options have a maturity date of July 6, 2011 at an exercise price of $0.10 per shares and are vested quarterly for the period of 12 months.

The primary focus of the planned investor relations campaign is to introduce Afri-Can to a wider audience within the North American investment community including investment advisors, sell side analysts and institutional investors. For more information about Humbercrest Capital, please visit:

About Afri-Can Marine Minerals Corp

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 unexplored 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.

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.

Shares outstanding: 177,887,484

Contact Information

  • Afri-Can Marine Minerals Corporation
    Pierre Leveille
    President & CEO
    514-846-1435 (FAX)
    Afri-Can Marine Minerals Corporation
    Bernard J. Tourillon
    Executive V.P. and CFO
    514-846-1435 (FAX)