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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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| | May 23, 2008
Seed Capital Investment
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| | News Release Number 2008-19
Toronto Ontario, May 23, 2008 - Nautilus Minerals Inc. (TSX & AIM: NUS) (the "Company" or "Nautilus") advises it has made a US$1.3 million seed capital investment for a 51% equity interest in a company associated with director and outgoing CEO David Heydon. The company will be involved in the exploration for ultra-deepwater (>4000m) mineral resources. This investment will allow Nautilus shareholders to participate in an exciting long term opportunity without distracting attention from its primary focus on the development of seafloor massive sulphide deposits and specifically the Solwara 1 Project. The shareholder agreement for the new subsidiary includes a mutual non-compete between the companies until the end of 2010.
About Nautilus Minerals Inc.
Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and subject to timely permitting is positioning itself to become an emerging producer in 2010. The Company's main focus 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 two of the world's leading international resource companies, Teck Cominco (7.2%) and Anglo American (5.7%). Epion (22.4%) is controlled by the founder of Metalloinvest one of the largest and fastest growing mining and metallurgical holdings in Russia.
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
Tel: +61 (7) 3318 5555
Numis Securities Limited (NOMAD)
John Harrison/James Black
Tel: + 44(0) 20 7260 1000
Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release. |
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