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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 29, 2007
C$39.1 million Private Placement Closed
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| | Vancouver B.C., November 29, 2007 - Nautilus Minerals Inc. (TSX & AIM: NUS) ("Nautilus" or the "Company") is pleased to announce that it has completed the private placement of Units as set forth in the Company's Information Circular dated October 19, 2007 for gross proceeds of C$39.1 million (equal to US$39.4 million or £19.1 million) (the "Placement").
David Heydon, Nautilus' CEO, commented: "The Company is now well positioned to maintain its momentum and exploration with cash on hand of approximately US$295 million (equal to C$292 million or £143 million)".
Application has been made for the 10,859,690 common shares issued in connection with the Placement to be admitted to AIM. The common shares are expected to be admitted to trading on December 4, 2007.
The Company currently has in issue:
Common and outstanding shares 142,815,640
Warrants 18,979,725
Options 9,235,656
Fully diluted 171,031,021
Exchange rates used herein: C$1.00 equal to US$1.01 and £0.49.
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 an emerging producer in 2010. The Company's main focus for 2008 is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and on AIM, and has among its largest shareholders three of the world's largest international resource companies, including Epion (22.9%), Anglo American (5.8%) and Teck Cominco (5.3%).
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
Australian Project Office
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/ Charlie Geller
Tel: +44(0)7429 6610 / +44 (0) 20 7429 6604
Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release. |
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| | You can view the Next News Releases item: Tue Dec 11, 2007, Nautilus Appoints Non Executive Director
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