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Media Kit
Recent Updates
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26-Aug-10 -
Nautilus Issues Options (more...)
10-Aug-10 -
Nautilus Minerals Announces Financial Results for Q2 2010 (more...)
03-Aug-10 -
Nautilus Minerals Conference Attendance Update (Second Half 2010) (more...)
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| | November 08, 2007
Escrow Release
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| | Vancouver B.C., November 8, 2007 -- Nautilus Minerals Inc. (TSX & AIM: NUS) (the "Company" or "Nautilus") announces that, as a result of the Company moving to TSX, a total of 10,473,140 common shares will be released from escrow on November 9, 2007. The escrow of certain of the Company's common shares was a requirement of the TSX Venture Exchange in relation to the reverse takeover and listing of the Company's common shares on that Exchange in May 2006. Following the release of the shares from escrow, the remaining balance of 948,733 shares will remain in escrow until March 16, 2008, at which time those shares will be also released from escrow.
Notwithstanding the release of the 10,473,140 common shares from escrow, 6,602,548 of those shares will remain subject to the lock-in arrangements entered into at the time of the Company's admission to AIM, prohibiting their trading until February 2, 2008. A further 21,849,109 common shares also remain subject to the lock-in arrangements that were entered into at the time of the AIM listing. The AIM lock-in arrangements will terminate on February 2, 2008.
Exercise of Options and Warrants
As a result of the exercise of certain options and warrants raising US$4.6 million (£2.2 million*), the Company has made application for 1,601,666 common shares to be admitted to AIM and TSX. The shares are expected to be admitted to trading on November 9, 2007.
* Exchange rate used in this announcement US$1.00 = GBP 0.4787
Change of Registered Office
The Company announces that with immediate effect, its registered office has been changed to 10th Floor, 595 Howe Street, Vancouver, BC, V6C 2T5, Canada.
About Nautilus Minerals Inc.
Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and is positioned to become a world leader in underwater mineral exploration. The Company's main focus for 2007 is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean.
For more information please refer www.nautilusminerals.com or contact:
Investor Relations
Nautilus Minerals Inc. (Toronto)
Email: investor@nautilusminerals.com
Tel: +1 (416) 551 1100
President & CEO
Email: ceo@nautilusminerals.com
Tel: +61 (7) 3318 5555
Numis Securities Limited (NOMAD)
John Harrison/James Black
Tel: + 44(0) 20 7260 1000
Conduit PR Ltd (UK Financial PR)
Arabella Hobbs/ Ed Portman
Tel: + 44(0) 7429 6610 / +44 (0) 7833 926 694 |
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| | You can view the Next News Releases item: Mon Nov 12, 2007, Financial Results for the 3rd Quarter ended September 30, 2007
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