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Afri-Can Marine Completes Acquisition of 20% Interest in EPL 3403 in Namibia

Afri-Can Marine Minerals Corporation (AFA.V) has completed the acquisition of 20% of the common shares of Thyme Investments (Pty) Ltd., which is the sole owner of the Exclusive Prospecting Licence 3403 marine diamond concession in Namibia, in exchange for common shares of Afri-Can.

Afri-Can holds an option to acquire the remaining 80% of the shares of Thyme by completing a sampling program of a minimum of 30 days or by extracting 300 samples.

AFA was down nearly 8% to 6 cents, moving closer to 52-week low $0.045.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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