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

Tue, 13 Jun 2006 8:13:00 PDT

MONTREAL, QUEBEC (MARKET WIRE) Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE: AFA) announces that it has replaced the private placement previously announced on April 24, 2006, with a placement of $1,500,070 on revised terms. The full amount of the new placement has already been committed, and is expected to close soon. Afri-Can will proceed with the diamond exploration program on Block J in Namibia as planned.

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