pcNewsWire – Nautilus Minerals Inc. (TSX: NUS; OTCQX: NUSMF) has completed previously announced US $2 million private placement with Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited
Press Release
Nautilus completes US$2 Million Private Placement
TORONTO, ONTARIO–(Marketwired – May 11, 2017) – Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that it has closed its previously announced private placement pursuant to its financing notice dated April 19, 2017, delivered under the Company’s subscription agreement with Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited (together, the “Investors”) dated August 21, 2016, as amended.
At the closing, the Company issued an aggregate of 11,197,488 common shares to the Investors at an issue price of C$0.239 per share for aggregate proceeds to the Company of US$2,000,000. The private placement was allocated equally between the two Investors.
The private placement forms part of the up to US$20 million financing approved by the Company’s shareholders at the extraordinary general meeting of the Company held on October 26, 2016.
Links
http://www.nautilusminerals.com/irm/PDF/1818/NautilusobtainsbridgefinancingandrestructuresSolwara1Projectdelivery
http://www.nautilusminerals.com/irm/PDF/1897_0/NautilusdeliversUS2MillionFinancingNoticeforMay2017
For more information please refer to www.nautilusminerals.com.
The TSX does not accept responsibility for the adequacy or accuracy of this press release.
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The Company has also been granted its environmental permit for this site.
Nautilus also holds highly prospective exploration acreage in the western Pacific (granted and under application), as well as in international waters in the Central Pacific.
A Canadian registered company, Nautilus is listed on the TSX:NUS stock exchange and is also a member of the Nasdaq International Designation program. Its corporate office is in Brisbane, Australia. Its major shareholders include MB Holding Company LLC, an Oman based group with interests in mining, oil & gas, which holds a 28.6% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 17.5% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company’s share loan plan).
Contact Information
Nautilus Minerals Inc. (Toronto)
Investor Relations
+1 647 973 4925
investor@nautilusminerals.com
www.nautilusminerals.com
