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Afri-Can Marine Minerals Corporation: Afri-Can to Proceed with Closing of Private Placement

Fri, 7 Jul 2006 8:06:00 PDT

MONTREAL, QUEBEC (MARKET WIRE) Afri-Can Marine Minerals Corporation ("Afri-Can")(TSX VENTURE: AFA) announces that it has received the approval from the TSX Venture Exchange enabling the Corporation to proceed with the closing of the private placement previously announced on June 13, 2006. The placement is for a total amount of $1,500,070 as previously announced.

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