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Discussion Starter · #42 ·
3 Key players for a major power play

John H. Akwenye, Chairman, Director

Mr. Akwenye is a Namibian retired lawyer with over 30 years of experience in business development in Namibia. From 1994 to 2008, he was Chairman of Guinas Investents (PTY) Ltd a Swapo owned investment company. He has been chairman of the Namibian Airports Company from 2001 to 2004. He is Director of Corporations such as Areva Resources Namibia and PE Minerals and he his currently Chairman of Deep-South Mining Company (PTY) Ltd and Director of Haib Minerals (PTY) Ltd.

Pierre Léveillé, President & CEO, Director

Mr. Léveillé has over 28 years of experience in the International financial sector and 20 years of experience in the mining exploration industry. Mr. Léveillé has started is career as an Investment Advisor and an Investment Banker with a large Canadian Securities brokerage firm. From the mid 1990’s to today, he has been Executive and Director of several exploration companies active in Africa. He has financed and managed exploration projects in Namibia since 1996 including the acquisition and operation of a diamond mine. He has realized over US$ 75 million in transactions and financing for Namibian and African mining exploration projects.

Chad Williams, Director for DSM

Mr. Williams has an extensive background in capital markets and business management. He is the founder and Chairman of Red Cloud Mining Capital Inc., serves on the board of Blue Thunder Mining Inc., Golden Tag Resources Ltd., Karora Resources Inc., and Honey Badger Silver Inc. He was one of the founders of Agilith Capital Inc. as well as Westwind Capital Inc. He previously held the positions of CEO of Victoria Gold Corp., Head of Mining Investment Banking at Blackmont Capital Inc. and was a top-ranked mining analyst at TD Bank and other Canadian brokerage firms. Mr. Williams holds both a P.Eng in Mining and an MBA from McGill University, Montreal.
 

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Afri-Can Marine Minerals Corporation (TSXV:AFA) reported that Mr. Pierre Léveillé has resigned as President and Chief Executive Officer and Mr. Bernard Tourillon has resigned as Chief Financial Officer, Corporate Secretary and Director of the Corporation. Mr. Michael Brown and Mr. André Thibault have resigned from the Board of Directors of the Corporation. The Company also reported that due to lack of funding, the Company is late in filling its annual Audited Financial Statements, which were required to be filed on SEDAR at the latest by December 29th, 2014. Therefore, at the request of L’autorité des Marchés Financiers, the TSX Venture Exchange has halted trading in the shares of Afri-Can. The Company has also notified Deep-South Mining Company (PTY) Ltd that it will not exercise its option to acquire half of Deep-South’s share capital.
 

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Discussion Starter · #44 ·
DEEP-SOUTH FILES APPLICATIONS WITH HIGH COURT OF NAMIBIA CONCERNING HAIB COPPER LICENCE REFUSAL
The Namibian legal counsel of the company and its subsidiary, Haib Minerals Pty. Ltd., have filed an application on behalf of Haib with the High Court of Namibia for an order reviewing the decision of the Minister of Mines and Energy refusing the renewal of Haib's licence EPL 3140 covering the Haib copper project in Namibia. The application also seeks an urgent interdict aimed at preventing the Ministry of Mines and Energy of Namibia from granting a licence over the same licence area to anyone else.

The respondents to the affidavit are the Minister of Mines and Energy, the Mining Commissioner, and Orange River Exploration and Mining CC. Orange River is cited due to its possible interest in the matter since it applied for an exclusive prospecting licence extending over the Haib copper deposit on Nov. 12, 2020.
The company will provide regular updates in this regard and any other matter concerning this situation.
The company intends to vigorously contest the minister's decision by all means necessary and available under the applicable laws of Namibia and international laws. The company maintains that in its application for renewal and subsequent representations made it clearly demonstrated having met all criteria under the Minerals (Prospecting and Mining) Act 1992 and licence conditions to justify the renewal of its licence.
As disclosed in the company's press release dated June 16, 2021, the company had received notice from the ministry informing the company that its application for the renewal of its licence had been denied citing the company's inability to advance the licence to prefeasibility and complete the proposed drilling program as planned. The company maintains that the ministry was kept well apprised, with no objection on their part, of a proposed change from the prefeasibility (PFS) study to an upgraded preliminary economic assessment (PEA) and the commencement of a full feasibility study (FS). The latter was already commenced with at the time of the refusal. Moreover, the ministry issued all permits required for the drilling program and officials were well aware that Haib had completed the drilling program at the time of the refusal to renew.
 
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