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Market: TSX-V
Sector: Diamonds & Gemstones
Epic: AQ
News: Latest news
Web Site: African Queen Mines
Other Articles: 20-07-201019-07-201028-06-2010

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Thursday September 02, 11:00Baobab Resources identifies distinct ore domain at Tete’s South Zone

Baobab MD Ben James said the latest drilling results from the Tete project's South Zone characterise a distinct, higher mass recovery, ore domain.

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Thursday September 02, 08:15Indonesia edges closer toward uranium mining and nuclear power

After nearly five decades of national debate on the issue, Indonesia's central government may finally be ready to develop a national nuclear policy, which may lead to domestic uranium mining.

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Wednesday September 01, 01:25Green Dragon Gas reports significant growth as China’s thirst for energy continues

China's thirst for energy resources has continued with an increased focus on domestic supplies of gas, Green Dragon Gas chairman Randeep Grewal said today. In the company's interim results, [...]

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African Queen Mines

African Queen Mines

African Queen Mines Ltd. and its subsidiaries acquire, explore and develop mineral properties in areas of Africa deemed to have relatively high potential for mining success and relatively low political risk.

The Company is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in Africa, initially focusing on exploration for diamonds in Botswana and Namibia, and gold in Mozambique. The Company has approximately 5,500 sq. km. of contiguous diamond licenses in Botswana and 6,200 sq. km. in Namibia, and is exploring for gold and metals in Mozambique under agreements with other companies.

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Wednesday, March 25, 2009

African Queen Mines to raise CDN$1.2 mln in private placing

Norseman Gold plc African Queen Mines Ltd is planning to raise CDN$1.2 million before expenses in a private placing to institutional and private investors.

The company will offer a maximum of 4 million units priced at CAD$0.30 each, comprising 1 common share and 1 half-share purchase warrant, with each whole warrant allowing  the subscriber to purchase 1 common share for two years from the date of closing at CAD$0.45 each. 

The money raised will be used to accelerate work programs on the company’s gold projects in Mozambique as well as for potential property acquisitions and working capital. 

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