Toronto Ontario, January 29, 2009 - Nautilus Minerals Inc. (TSX & AIM: NUS) (the "Company" or "Nautilus") announces that on January 7, 2009 the Company granted options over 550,000 common shares to its non-executive directors at an exercise price of C$0.99 that vest at 20% every six months from the issue and expiring on January 7, 2012. The options granted to the non-executive directors are received in lieu of payment for their services as a director of the Company.
The details regarding the options granted are as follows:
Name
Date of grant
No. of options over commons shares
Exercise Price
Vesting period
Expiration Date
Geoff Loudon
January 7, 2009
150,000
C$0.99
20% every 6 months from date of issue
January 7, 2012
Farhad Moshiri
January 7, 2009
100,000
C$0.99
20% every 6 months from date of issue
January 7, 2012
David De Witt
January 7, 2009
100,000
C$0.99
20% every 6 months from date of issue
January 7, 2012
Russell Debney
January 7, 2009
100,000
C$0.99
20% every 6 months from date of issue
January 7, 2012
John O’Reilly
January 7, 2009
100,000
C$0.99
20% every 6 months from date of issue
January 7, 2012
Total Granted
550,000
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 currently developing its first project. 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 (6.8%) and Anglo American (11.1%). Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, beneficially owns 21.0% of its shares through Gazmetall Holding (Cypress) Limited.
Numis Securities Limited
Nominated adviser: John Harrison
Corporate broking: James Black
Tel: + 44(0) 20 7260 1000
Forward-Looking Statements
Any statements made in this press release which are not statements of historical fact may constitute "forward-looking statements," including those concerning the Company's goals, assumptions or expectations. Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ including, but not limited to, uncertainties concerning the ability of the Company to raise the capital necessary to implement its work programs, a protracted decline in commodity prices, and the lack of any assurance that the Company will receive the necessary governmental approvals to proceed with the development of Solwara Project. These risks are generally outlined in the Company's disclosure filings with the British Columbia Securities Commission. For more information on the Company, investors should review the Company's public filings, available at www.sedar.com.
Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.
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