Agreement Between Afri-Can Marine and Diamond Fields International Cancelled

 A memorandum of understanding between Afri-Can Marine (TSXV:AFA) and Diamond Fields International (TSXV:DFI) regarding Diamond Fields’ Namibian property has been cancelled. Both companies had planned on developing the property together.

According to the press release:

Diamond Fields International Ltd. announces that it is terminating its agreement with Afri-Can Marine Mineral Corporation regarding the Company’s Namibian marine diamond concessions.The Company will now develop the properties independently, and is planning a resource development program with the aim of recommencing mining before the end of 2015.

Ian Ransome, President and CEO of Diamond Fields, said:

We have identified a number of potential resource targets on the concessions, which we now intend to fully explore. We are extremely excited about the future prospects for this project.

Click here to read the Afri-Can Marine Mineral Corporation (TSXV:AFA) press release
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