Afri-Can Shareholders Approve Acquisition of Marine Diamond Concession in Namibia

- January 27th, 2011

Afri-Can (CVE:AFA) announced that they have received approval from its shareholders regarding the acquisition of the Marine Diamond Concession in Namibia.

Afri-Can (TSXV:AFA) announced that they have received approval from its shareholders regarding the acquisition of the Marine Diamond Concession in Namibia.

The press release is quoted as saying:

EPL 3403 covers approximately 800 square kilometres and is adjacent to the north of the Atlantic One Mining Lease 47  Limited, a 50:50 partnership between the Government of the Republic of Namibia and De Beers Centenary AG), which is the largest marine diamond deposit in the world. ML 47 is currently producing in excess of 1,100,000 carats per year.

Mr. Pierre Léveillé, President and CEO of Afri-Can, said:

We are very pleased with the results of the vote and the Board of Directors and Management would like to acknowledge our shareholders for their important support.”

To access the full release, click here.

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