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Afri-Can Marine Minerals Corporation V.AFA



TSXV:AFA - Post by User

Post by LeGagneuron Aug 18, 2011 5:32am
410 Views
Post# 18954886

Value 12 cents/share

Value 12 cents/shareAt the latest investor meeting in Stockholm before summer this is what CEO Mr Leveille stated:

"AFA intends to exersise its option to own 15% of Haib and thus then will be distributed to the existing shareholders of AFA . This will be done by listing a new company (and giving existing AFA share holders shares of that company) on the exchange (probably TSX).
 
Tecks analysis ofHaib (considering presents knowledge of grades/resource) indicates AFAs share would be valued at 12 cent/ share fully diluted."
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