May 25, 2009
AFRICAN QUEEN’S FOLLOW-UP FIELD PROGRAM NOW UNDERWAY AT FINGOE GOLD PROJECT IN MOZAMBIQUE
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) ”) is pleased to announce that follow-up field work
is now underway on multiple targets at its Fingoe Gold Project in Tete province, Mozambique. The Company’s interests in the
Fingoe Gold Project, which encompass 9 prospecting licenses comprising approximately 1359 sq. km. in aggregate, arise from
an Earn-In Agreement with Manica Minerals Ltd. dated August 9, 2006, as supplemented August 8, 2007, under which the Company
can earn up to an 85% interest, and an Agreement dated April 10, 2007, with African Eagle Resources plc (AIM: AFE) under
which the Company now holds a 98% interest in certain prospecting licenses. Read More >>
May 15, 2009
AFRICAN QUEEN COMPLETES $1.278 MILLION PRIVATE PLACEMENT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) ”) is pleased to announce the
closing of the second tranche of its previously announced non-brokered private placement which has raised
gross proceeds of CAD $441,810. Together with the first tranche, previously announced, the Company raised
aggregate gross proceeds in this private placement of CAD $1,278,060. Read More >>
April 20, 2009
AFRICAN QUEEN ANNOUNCES PRIVATE PLACEMENT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce the closing
of the first tranche of its previously announced non-brokered private placement which has raised gross
proceeds of CAD $836,000. Under the terms of the private placement, the Company has issued 2,787,400
Units (the “Units”) at CAD $0.30 per Unit to institutional and private
investors. Read More >>
March 24, 2009
AFRICAN QUEEN ANNOUNCES PRIVATE PLACEMENT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce a non-brokered
private placement offering to raise gross proceeds of up to CAD $1.2 million. Under the terms of the private
placement, the Company will offer for sale a maximum of 4,000,000 Units (the “Units”) at CAD $0.30 per Unit to
institutional and private investors. Read More >>
March 4, 2009
CORE DRILLING COMMENCES ON AFRICAN QUEEN’S OK41 AT OKAVANGO DIAMOND PROJECT IN BOTSWANA
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that drilling has now commenced
on magnetic target OK41-hole1as part of a Phase 1 core drilling program on its Okavango diamond property in the Ngamiland area of
Northwest Botswana. The drilling is being carried out on behalf of the Company by Botswana-based Discovery Drilling Africa (PTY)
Ltd. utilizing a custom-built Discovery 1400 rig. OK41 is the priority target closest to the main access track and its choice for
commencement of the drill program reflects the Company’s decision to order targets in a manner designed to create efficiency and
minimize drill moving time and costs. Read More >>
February 24, 2009
AFRICAN QUEEN ABANDONS CAZULA PROJECT IN MOZAMBIQUE TO FOCUS ON HIGHLY PROSPECTIVE FINGOE BELT GOLD PROJECT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”)announces that it has provided formal notice of
abandonment to Manica Minerals Ltd. (“Manica”) with respect to the Cazula Gold Project in Mozambique (the “Project”).
The Company has the right to earn up to an 85% interest in the Project pursuant to the Letter Agreement dated August 9,
2006, between Pan African Mining Corp., predecessor to the Company, and Manica, as supplemented on August 8, 2007
(the “Agreement”). By abandoning the Project at this time, the Company is relinquishing all rights with respect to the
underlying property licenses and otherwise relating to the Project.
Read More >>
February 20, 2009
AFRICAN QUEEN ACCELERATING WORK PROGRAM ON KEY GOLD TARGETS IN MOZAMBIQUE’S FINGOE BELT AS A RESULT OF FAVORABLE SAMPLING RESULTS
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”)is pleased to announce that it has now identified several high priority
gold targets in Mozambique’s Fingoe Belt in Tete Province as a result of favorable results from its ongoing field exploration and
geochemical sampling program in the region. The Company’s interests in the Fingoe belt, which encompass 9 Prospecting Licenses
comprising approximately 1359 sq.km. in aggregate, arise from an Earn-In Agreement with Manica Minerals Ltd. (“Manica”)
dated August 9, 2006, as supplemented August 8, 2007, under which the Company can earn up to an 85% interest, and
an Agreement dated April 10, 2007 with African Eagle Resources plc (“African Eagle”) under which the Company now holds a 98%
interest in certain prospecting licenses.
Read More >>
February 5, 2009
AFRICAN QUEEN EXECUTES CONTRACT FOR CORE DRILLING AT ITS OKAVANGO DIAMOND PROJECT IN BOTSWANA; MOBILIZATION UNDERWAY
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that it has now concluded
contractual arrangements with Botswana-based Discovery Drilling Africa (PTY) Ltd. for a Phase 1 core drilling program
on its Okavango diamond property in the Ngamiland area of Northwest Botswana. Equipment is now being mobilized and is
anticipated to be on site later this month.
Read More >>
January 23, 2009
AFRICAN QUEEN MINES ENGAGES CARRIE HOWES FOR INVESTOR RELATIONS TEAM
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that Ms. Carrie Howes has been
engaged as the Company’s Corporate Communications representative. Ms. Howes, who will be working in London and
Düsseldorf, has been a financial consultant and a Corporate Communication professional she has also served as a
registered representative in the United Kingdom as well as Canada. Read More >>
December 27, 2008
AFRICAN QUEEN MINES ABANDONS BRAGANZA GOLD PROJECT IN MOZAMBIQUE TO FOCUS ON PRIORITY TARGETS
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) announces that it has provided formal notice of abandonment
to Bobcat Mining Limitada (“Bobcat”) with respect to the Braganza Gold Project in Mozambique (the “Project”).
The Company has the right to earn up to a 75% interest in the Project pursuant to the Letter Agreement dated
August 17, 2007, between Pan African Mining Corp., predecessor to the Company, and Bobcat, as amended on October 4, 2007
and May 30, 2008 (the “Agreement”). By abandoning the Project at this time, the Company is relinquishing all rights
with respect to the underlying property licenses and otherwise relating
to the Project. Read More >>
December 16, 2008
AFRICAN QUEEN MINES COMMENCES TRADING ON THE FRANKFURT STOCK EXCHANGE
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) has now commenced trading under the symbol "QM0.F"
(0 means zero) on the Open Market organized by Deutsche Borse on the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierborse).
In addition, its Common Shares have been assigned the WKN Number A0Q7GA. Read More >>
December 15, 2008
AFRICAN QUEEN MINES’ SAMPLING YIELDS G10 GARNETS AND OTHER KIMBERLITIC INDICATORS OVER KEY DIAMOND TARGETS ON ITS OKAVANGO PROJECT IN BOTSWANA
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that
results of geochemical sampling from its Okavango property in the Ngamiland area of Northwest Botswana
have now confirmed the presence of G10 garnets and other kimberlitic indicator minerals on its key diamond
targets. The Okavango property comprises three Prospecting Licences covering approximately 2592 km2 held by
the Company’s wholly-owned subsidiary, PAM Botswana (Pty.) Ltd. It is situated on a recently recognised
extension of the Archaean Congo Craton, which hosts numerous economic kimberlite and alluvial diamond deposits.
The property is covered by sands of the Kalahari Desert of variable thickness, averaging approximately 60 m.
This helps to account for the fact that the strong targets recently identified by the Company were previously
overlooked. Read More >>
December 2, 2008
IRWIN OLIAN ANNOUNCES FILING OF ADDITIONAL EARLY WARNING REPORT
Irwin A. Olian, Jr. (“Olian”), who serves as the Company’s Chairman & CEO and previously held 5,575,000
common shares of African Queen Mines Ltd. (“African Queen”) representing 16.17% of the issued and outstanding
shares of African Queen, announces that he has now purchased a further 625,000 common shares of African Queen
(the “Shares”) through the facilities of the TSX Venture Exchange at the price of $0.07 per Share in respect
of 275,000 Shares, $0.095 per Share in respect of 50,000 Shares, and $0.10 per Share in respect of 300,000
Shares. In addition, Olian has been granted options to purchase up to 600,000 common shares of African
Queen exercisable at the price of $0.15 per share, of which 150,000 options are or become vested within
the next 60 days. The 625,000 Shares and 150,000 options collectively represent 2.24% of the issued and
outstanding shares of African Queen. Accordingly, Olian now beneficially owns in aggregate 6,350,000
common shares representing 18.34% of the issued and outstanding common shares of African Queen as at
December 2, 2008. Read More >>
December 1, 2008
AFRICAN QUEEN MINES, LTD. – GRANTS STOCK OPTIONS
Vancouver, British Columbia — AFRICAN QUEEN MINES, LTD. (the “Company”) announces that it has granted,
subject to any necessary regulatory approvals, incentive stock options to purchase up to an aggregate
of 1,350,000 shares of its Common Stock. 600,000 of such options were granted to Mr. Irwin Olian,
Chairman and CEO, 200,000 were granted to Dr. Edward Schiller, Director, 50,000 were granted to Mr.
Benjamin Catalano, Director, 50,000 were granted to Ms. Jennifer Todhunter, Corporate Secretary, and
450,000 of such options were granted to various employees and consultants. The options are exercisable
for a term of three years at the price of CAD $0.15 per share. The foregoing grant concludes the initial
granting of options to the Company’s officers, directors, employees, and
consultants. Read More >>
November 19, 2008
AFRICAN QUEEN MINES, LTD. – GRANTS STOCK OPTIONS
Vancouver, British Columbia — AFRICAN QUEEN MINES, LTD. (the “Company”) announces that it has granted, subject to
any necessary regulatory approvals, incentive stock options to purchase up to an aggregate of 1,230,000 shares of
its common stock of which 200,000 were granted to, Ms. Limor Rubin, CFO and a Director, 200,000 were granted to Mr.
Gregory Sparks, Director, 50,000 were granted to Mr. Ardito Martohardjono, Director, 200,000 were granted to Dr.
Andrew Moore, Vice-President Diamond Exploration, 100,000 were granted to Mrs. Carrie Howes, European Corporate
Communication Representative, and 480,000 stock options were granted to various individuals, including employees,
administrative staff, and consultants. The options are exercisable for a term of three years at the price of
CAD $0.15 per share. Read More >>
November 4, 2008
Irwin Olian Announces Filing of Additional Early Warning Report
Irwin A. Olian, Jr. (“Olian”), who serves as the Company’s Chairman & CEO, announces the filing of an additional
early warning report. Olian previously held 4,375,000 common shares of African Queen Mines Ltd. (“African Queen”),
representing 12.69% of the issued and outstanding shares of African Queen. He now has purchased a further 1,200,000
common shares (the “Shares”) representing 3.48% of the issued and outstanding shares of African Queen through the
facilities of the TSX Venture Exchange at the price of $0.06 per Share in respect of 500,000 Shares and $0.08 per
Share in respect of 700,000 Shares. After completion of the acquisition of the Shares, Olian now owns 5,575,000
common shares representing 16.17% of the issued and outstanding common shares of African Queen as at November 4,
2008. Read More >>
October 27, 2008
Irwin Olian Announces Filing of Early Warning Report
Irwin A. Olian, Jr. (“Olian”), who serves as the Company’s Chairman & CEO announces the filing of an early
warning report. Olian held 3,385,000 common shares of African Queen Mines Ltd. (“African Queen”), representing
9.82% of the issued and outstanding shares of African Queen, announces that he has purchased a further 990,000
common shares (the “Shares”) representing 2.87% of the issued and outstanding shares of African Queen through
the facilities of the TSX Venture Exchange at the price of $0.10 per Share in respect of 750,000 Shares and
$0.08 per Share in respect of 240,000 Shares. After completion of the acquisition of the Shares, Olian owns
4,375,000 common shares representing 12.69% of the issued and outstanding common shares of African Queen as
at October 27, 2008. Read More >>
October 15, 2008
AFRICAN QUEEN MINES LTD. - COMMENCES TRADING
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that effective
at the opening on Thursday, October 16, 2008, its Common Shares will commence trading on the TSX Venture
Exchange under the symbol “AQ”. The Company presently has 34,465,292 Common Shares outstanding. The Company’s
Common Shares were distributed to the former shareholders of Pan African Mining Corp. in connection with its
acquisition by Asia Thai Mining Co., Ltd. on June 27, 2008. Read More >>
June 27, 2008
ACQUISITION OF PAN AFRICAN MINING CORP. BY ASIA THAI MINING CO., LTD. CLOSED TODAY IN ACCORDANCE WITH PLAN OF ARRANGEMENT
VANCOUVER, British Columbia - PAN AFRICAN MINING CORP. (the “Company”) is pleased to announce the closing today of the Plan of Arrangement
and related transactions (the “Plan of Arrangement”) contemplated by the Arrangement Agreement dated May 9, 2008, as amended June 17, 2008
(the “Amended Arrangement Agreement”), among Asia Thai Mining Co., Ltd. (“ATM”), 0819615 B.C. Ltd. (the “Purchaser”), the Company and African
Queen Mines Ltd. (“African Queen”), a newly formed subsidiary of the Company. A Final Order approving the Plan of Arrangement was obtained from
the Supreme Court of British Columbia on June 26, 2008, following approval at a Special Meeting of Securityholders of the Company on June 25,
2008. Read More >>