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Diamond Fields Inks Joint Venture Option with Afri-Can Marine Minerals

Diamond Fields International Ltd. (DFI.TO) has signed a joint venture option agreement with Afri-Can Marine Minerals Corporation to further develop the DFI's marine diamond leases in Namibia.

Under the Agreement, Afri-Can and its local partner have the option to acquire a 90% interest in Diamond Field's diamond mining leases numbered 111, 138, 139 and 32 located off the coast of Namibia in exchange for spending $3.3 million within 2 years on a program designed to place the properties back into commercial production.

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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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