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News Article | November 10, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Nov. 10, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") is pleased to announce that Factory Acceptance Testing (FAT) of the Riser Tooling and the Subsea Pull-in Skids, was successfully completed this week in Poland and the USA respectively. Mike Johnston Nautilus CEO commented, "Completion of the Riser Tooling and all the Subsea Pull-in Skids is a significant milestone for the Project. The final piece of the subsea mineralization delivery system is the Subsea Slurry and Lift Pump, and we look forward to taking delivery of this from GE Oil & Gas by the end of the year." The riser tooling, which was designed by GMC in Houston, is a key piece of equipment that will be used for handling and coupling the 19 meter riser joints together for deployment. It was manufactured and underwent successful FAT in Poland. The ridged riser system is an integral part of the Nautilus seafloor recovery system. It allows the mineralized material to be transferred from the seafloor up onto the Production Support Vessel without any interaction between the different water layers within the ocean, resulting in a very small environmental footprint. An animation of how the seafloor production system works can be viewed on the Company's website: www.nautilusminerals.com/irm/content/video-gallery.aspx?RID=421 For more information please refer to www.nautilusminerals.com. Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release. Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws, including statements with respect to taking delivery of the SSLP later this year. We have made numerous assumptions about such statements, including assumptions relating to the funding, completion and operation of the Company's seafloor production system. Even though our management believes the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate. Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Please refer to our most recently filed Annual Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor and other risks relating to the Company's business and plans for development of the Solwara 1 Project. Risks related to advancing towards production include the risk that the Company will be unable to obtain at all or on acceptable terms the remaining financing necessary to fund completion of the build, testing and deployment of the Company's seafloor production system and that agreements with third party contractors for building slots within certain timeframes are not secured as required. As the Company has not completed an economic study in respect of the Solwara 1 Project, there can be no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor resource production is commercially viable. Risks related to the restructuring plan include the risk that the plan cannot be implemented as expected, the risk that the plan does not result in the cost savings expected and the risk that the restructuring plan and the bridge financing do not provide sufficient time for the Company to secure project financings for the Solwara 1 Project. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. 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 trades on the OTCQX:NUSMF, 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 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).


News Article | December 15, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Dec. 15, 2016) - This press release is being disseminated by Mawarid Offshore Mining Ltd. (the "Company" or "Mawarid"), a metal and mining corporation incorporated under the laws of British Virgin Islands at the address of Palm Grove House, Road Town, Tortola, British Virgin Islands as required by National Instrument 62-103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issues. On August 21, 2016, Nautilus Minerals Inc. with head office at Level 3, 33 Park Road, Milton, Queensland, Australia (the "Issuer") entered into a subscription agreement (the "Subscription Agreement") with the Company and Metalloinvest Holding (Cyprus) Limited ("Metallo", and together with the Company, the "Purchasers") under which the Purchasers have agreed to purchase such number of common shares of the Issuer (the "Common Shares") that will raise gross proceeds of up to USD $20 million. Pursuant to the Subscription Agreement, the shares will be purchased on a private placement basis and will close in tranches, on a monthly basis, during the period from December 1, 2016 through to November 30, 2017 (the "Financing Period"), at the election of the Issuer. The Issuer will determine the amount of funds to be raised under each tranche during each month of the Financing Period, subject to the limitations of receiving maximum subscription proceeds of USD $2,000,000 per month and an aggregate maximum total amount of USD $20,000,000 during the entire Financing Period. Shares will be issued under each tranche at a price that is equal to the volume weighted average trading price of the Issuer's common shares on the Toronto Stock Exchange for the five day period immediately prior to the date the Issuer issues the Purchasers a notice that the tranche will proceed. Unless the Purchasers agree to a different allocation, the aggregate purchase price and corresponding number of shares of each tranche shall be equally divided between the Purchasers. On November 21, 2016, the Issuer issued a financing notice to the Purchasers that, in respect of December 2016, the Purchasers will pay to the Issuer aggregate subscription proceeds of US$2,000,000 and the Purchasers will receive a total of 15,539,080 Common Shares at C$0.174 per Common Share. Pursuant to the financing notice, on December 13, 2016 Mawarid acquired 7,769,540 Common Shares. Mawarid currently owns 173,685,800 common shares of the Issuer (including 195,400 common shares owned by an affiliate, MB Holding Company LLC), representing approximately 27.0% of the outstanding shares of the Issuer. An early warning report in respect of the above transactions will be filed with the relevant Canadian securities regulatory authorities. Copies of such reports may be obtained from SEDAR at www.sedar.com or by contacting Namit Rustagi at MB Holdings Company LLC +968 2458 0606.


News Article | November 22, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Nov. 22, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that, pursuant to its subscription agreement with Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited (together, the "Investors") dated August 21, 2016, as amended (the "Subscription Agreement"), the Company has delivered a financing notice dated November 21, 2016 (the "Financing Notice") to the Investors in respect of a private placement of an aggregate of 15,539,080 common shares of the Company at an issue price of C$0.174 per share for aggregate proceeds to the Company of US$2,000,000. The private placement will be allocated equally between the two Investors. In accordance with the Subscription Agreement, the issue price equals the five day volume weighted average trading price of the Company's shares on the Toronto Stock Exchange immediately prior to the date of the Financing Notice, and the number of shares to be issued under the Financing Notice was calculated based on the noon US/CAD exchange rate of 1.3519 posted by the Bank of Canada on the last business day prior to the date of the Financing Notice. Closing of the private placement under the Financing Notice is required to occur during December, 2016 and within 10 business days following payment of the subscription proceeds by the Investors to the Company, pursuant to the Subscription Agreement. 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. For more information please refer to www.nautilusminerals.com. Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release. Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws, including statements with respect to the closing of the bridge financing, the use of proceeds of the bridge financing, the restructuring plan, and plans to develop the seafloor mining industry. We have made numerous assumptions about such statements, including assumptions relating to the bridge financing, project funding, completion and operation of the Company's seafloor production system and assumptions regarding the timing and effect ofthe restructuring plan, including securing agreements with third parties to complete the construction of the remaining seafloor production system within certain timeframes. Even though our management believes the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate. Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Please refer to our most recently filed Annual Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor and other risks relating to the Company's business and plans for development of the Solwara 1 Project. Risks related to advancing towards production include the risk that the Company will be unable to obtain at all or on acceptable terms the remaining financing necessary to fund completion of the build, testing and deployment of the Company's seafloor production system and that agreements with third party contractors for building slots within certain timeframes are not secured as required. As the Company has not completed an economic study in respect of the Solwara 1 Project, there can be no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor resource production is commercially viable. Risks related to the restructuring plan include the risk that the plan cannot be implemented as expected, the risk that the plan does not result in the cost savings expected and the risk that the restructuring plan and the bridge financing do not provide sufficient time for the Company to secure project financings for the Solwara 1 Project. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. 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 trades on the OTCQX:NUSMF, 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 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).


News Article | October 28, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Oct. 26, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces the results of its Extraordinary General Meeting (EGM) held today in Vancouver, BC. Eligible shareholders voted in favor of the bridge financing to be provided by the Company's two largest shareholders by way of a private placement pursuant to a subscription agreement dated August 21, 2016 and amended September 19, 2016 (Subscription Agreement). Details of the arrangements are set out in the press release dated August 22, 2016 (see links section) and the Company's information circular dated September 19, 2016 (Information Circular). Mike Johnston, Nautilus' CEO, said, "I would like to thank our shareholders for approving this bridge financing and our two major shareholders for providing the funds for this arrangement. We appreciate your continued support for our Company as we look towards developing the seafloor mining industry." The gross proceeds available under the Subscription Agreement will provide the bridge financing necessary to enable the Company to continue operating and to carry on the Solwara 1 Project as described in the press release dated August 22, 2016 (see links section), while it continues to explore additional financing, joint ventures or other transactions that provide the funding required in order to complete the development of the Solwara 1 Project. There can be no assurances that the Company will be successful in securing any such transactions. The Company provides the following report on the voting results of the matter considered at the EGM, the particulars of which are set out in detail in the Company's Information Circular, filed on SEDAR. The vote was conducted by ballot at the EGM. Results of voting in respect of the bridge financing were as follows: 38.85% of the eligible issued shares were voted on the resolution, and a total of 256,584,785 shares held by Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited were excluded from the vote as required by the Toronto Stock Exchange (TSX) and applicable securities laws. The financing remains subject to customary post-EGM filings with, and final approval of, the TSX, as well as compliance with the TSX's requirements in respect of each private placement under the bridge financing. For more information please refer to www.nautilusminerals.com. Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release. Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws, including statements with respect to the closing of the bridge financing, the use of proceeds of the bridge financing, the restructuring plan, and plans to develop the seafloor mining industry. We have made numerous assumptions about such statements, including assumptions relating to the bridge financing, project funding, completion and operation of the Company's seafloor production system and assumptions regarding the timing and effect of the restructuring plan, including securing agreements with third parties to complete the construction of the remaining seafloor production system within certain timeframes. Even though our management believes the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate. Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Please refer to our most recently filed Annual Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor and other risks relating to the Company's business and plans for development of the Solwara 1 Project. Risks related to advancing towards production include the risk that the Company will be unable to obtain at all or on acceptable terms the remaining financing necessary to fund completion of the build, testing and deployment of the Company's seafloor production system and that agreements with third party contractors for building slots within certain timeframes are not secured as required. As the Company has not completed an economic study in respect of the Solwara 1 Project, there can be no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor resource production is commercially viable. Risks related to the restructuring plan include the risk that the plan cannot be implemented as expected, the risk that the plan does not result in the cost savings expected and the risk that the restructuring plan and the bridge financing do not provide sufficient time for the Company to secure project financings for the Solwara 1 Project. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. 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 trades on the OTCQX:NUSMF, 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 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).


News Article | December 9, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Dec. 9, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that it has accepted the resignation of Ms Cynthia Thomas from its Board, effective Wednesday, December 7, 2016. Ms Thomas joined the Board of Nautilus in June 2010. Russell Debney, Nautilus' Chairman commented, "Cynthia has made a valuable contribution during her six and a half years on the Nautilus Board of Directors. The Board has benefited from Cynthia's significant banking and mine finance experience and leadership. We would like to thank her for the contribution she has made to Nautilus' progress to date and wish her well for the future." Following the resignation of Ms. Thomas the members of the Company's Board of Directors are as follows: For more information please refer to www.nautilusminerals.com. 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 trades on the OTCQX:NUSMF, 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 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan). Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.


News Article | November 24, 2016
Site: www.marketwired.com

TORONTO, ON--(Marketwired - November 24, 2016) - Nautilus Minerals Inc. (TSX: NUS) ( : NUSMF) (OTC: NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") is pleased to provide a current update on the build of the Production Support Vessel (PSV). The PSV is to be used by Nautilus and its PNG partner, Eda Kopa (Solwara) Limited, as the base for its seafloor operations planned at the Solwara 1 Project site, in the Bismarck Sea of Papua New Guinea. Mike Johnston, Nautilus' CEO commented, "The Company is very excited by the progress that continues to be made by the team at the Fujian Mawei Shipyard Ltd (FMSL) and Marine Assets Corporate (MAC). The thruster rooms (aft hull blocks) have just recently been lifted into position on the vessel. The accommodation module construction is progressing rapidly with many blocks being assembled alongside the dry dock. It is expected to be lifted onto the vessel by the end of the month. We are now looking forward to progressing the final build phase and fit out of the vessel with the team at FMSL and MAC." To view some video footage of the vessel and some recent pictures of the build please go to the links section below. Subject to further financing, Nautilus' objective remains to develop the world's first commercial high grade seafloor copper-gold mine and launch the seafloor resource production industry. For more information please refer to www.nautilusminerals.com or contact: Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release. Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws. We have made numerous assumptions about such statements, including assumptions relating to the project funding. Even though our management believes the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate. Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Please refer to our most recently filed Annual Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor and other risks relating to the Company's business and plans for development of the Solwara 1 Project. Risks related to advancing towards production include the risk that the Company will be unable to obtain at all or on acceptable terms the remaining financing necessary to fund completion of the build, testing and deployment of the Company's seafloor production system and that agreements with third party contractors for building slots within certain timeframes are not secured as required. As the Company has not completed an economic study in respect of the Solwara 1 Project, there can be no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor resource production is commercially viable. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. 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 trades on the OTCQX:NUSMF, 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 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).


News Article | February 21, 2017
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Feb. 21, 2017) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that, pursuant to its subscription agreement with Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited (together, the "Investors") dated August 21, 2016, as amended (the "Subscription Agreement"), the Company has delivered a financing notice dated February 17, 2017 (the "Financing Notice") to the Investors in respect of a private placement of an aggregate of 16,221,118 common shares of the Company at an issue price of C$0.161 per share for aggregate proceeds to the Company of US$2,000,000. The private placement will be allocated equally between the two Investors. In accordance with the Subscription Agreement, the issue price equals the five day volume weighted average trading price of the Company's shares on the Toronto Stock Exchange immediately prior to the date of the Financing Notice, and the number of shares to be issued under the Financing Notice was calculated based on the noon US/CAD exchange rate of 1.3058 posted by the Bank of Canada on the last business day prior to the date of the Financing Notice. Closing of the private placement under the Financing Notice is required to occur during March, 2017 and within 10 business days following payment of the subscription proceeds by the Investors to the Company, pursuant to the Subscription Agreement. 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. For more information please refer to www.nautilusminerals.com. Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release. Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws, including statements with respect to the closing of the bridge financing, the use of proceeds of the bridge financing, the restructuring plan, and plans to develop the seafloor mining industry. We have made numerous assumptions about such statements, including assumptions relating to the bridge financing, project funding, completion and operation of the Company's seafloor production system and assumptions regarding the timing and effect of the restructuring plan, including securing agreements with third parties to complete the construction of the remaining seafloor production system within certain timeframes. Even though our management believes the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate. Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Please refer to our most recently filed Annual Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor and other risks relating to the Company's business and plans for development of the Solwara 1 Project. Risks related to advancing towards production include the risk that the Company will be unable to obtain at all or on acceptable terms the remaining financing necessary to fund completion of the build, testing and deployment of the Company's seafloor production system and that agreements with third party contractors for building slots within certain timeframes are not secured as required. As the Company has not completed an economic study in respect of the Solwara 1 Project, there can be no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor resource production is commercially viable. Risks related to the restructuring plan include the risk that the plan cannot be implemented as expected, the risk that the plan does not result in the cost savings expected and the risk that the restructuring plan and the bridge financing do not provide sufficient time for the Company to secure project financings for the Solwara 1 Project. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. 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 trades on the OTCQX:NUSMF, 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 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).


News Article | December 14, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Dec. 14, 2016) - 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 November 21, 2016 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 15,539,080 common shares to the Investors at an issue price of C$0.174 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. The Company also announces that the directors have approved the issuance of 600,000 loan shares and 800,000 stock options, at an issue price or exercise price, as the case may be, of C$0.17 per share, to certain directors of the Company in accordance with the provisions of the Company's share loan plan and stock option plan. The securities will vest as to 20% on January 1, 2017 and 20% every six months thereafter, with an expiry date of July 1, 2019. Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release. Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws, including statements with respect to the closing of the bridge financing, the use of proceeds of the bridge financing, the restructuring plan, and plans to develop the seafloor mining industry. We have made numerous assumptions about such statements, including assumptions relating to the bridge financing, project funding, completion and operation of the Company's seafloor production system and assumptions regarding the timing and effect of the restructuring plan, including securing agreements with third parties to complete the construction of the remaining seafloor production system within certain timeframes. Even though our management believes the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate. Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Please refer to our most recently filed Annual Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor and other risks relating to the Company's business and plans for development of the Solwara 1 Project. Risks related to advancing towards production include the risk that the Company will be unable to obtain at all or on acceptable terms the remaining financing necessary to fund completion of the build, testing and deployment of the Company's seafloor production system and that agreements with third party contractors for building slots within certain timeframes are not secured as required. As the Company has not completed an economic study in respect of the Solwara 1 Project, there can be no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor resource production is commercially viable. Risks related to the restructuring plan include the risk that the plan cannot be implemented as expected, the risk that the plan does not result in the cost savings expected and the risk that the restructuring plan and the bridge financing do not provide sufficient time for the Company to secure project financings for the Solwara 1 Project. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. 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 trades on the OTCQX:NUSMF, 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 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).


News Article | November 8, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Nov. 8, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces the release of its unaudited consolidated Financial Statements for the third quarter ended September 30, 2016, together with Management's Discussion and Analysis. Mike Johnston, Nautilus' CEO, said, "This past quarter has been a challenging one for the Company. We are grateful for the support from our shareholders, and in their overwhelming support in approving the recent bridge financing. We appreciate your continued support for our Company as we look towards developing the seafloor mining industry." There can be no assurances that the Company will be able to obtain the project financing on acceptable terms or at all. The Company will provide further updates as circumstances warrant. The Financial Statements and Management's Discussion and Analysis will be filed on www.sedar.com and will be available on the Company's website: http://www.nautilusminerals.com/IRM/ShowCategory.aspx?CategoryId=305&FilterStyle=B&archive=true&masterpage=311&year=2015&RID=400 Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release. Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws, including statements with respect to the closing of the bridge financing, the use of proceeds of the bridge financing, the restructuring plan, and plans to develop the seafloor mining industry. We have made numerous assumptions about such statements, including assumptions relating to the bridge financing, project funding, completion and operation of the Company's seafloor production system and assumptions regarding the timing and effect of the restructuring plan, including securing agreements with third parties to complete the construction of the remaining seafloor production system within certain timeframes. Even though our management believes the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate. Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Please refer to our most recently filed Annual Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor and other risks relating to the Company's business and plans for development of the Solwara 1 Project. Risks related to advancing towards production include the risk that the Company will be unable to obtain at all or on acceptable terms the remaining financing necessary to fund completion of the build, testing and deployment of the Company's seafloor production system and that agreements with third party contractors for building slots within certain timeframes are not secured as required. As the Company has not completed an economic study in respect of the Solwara 1 Project, there can be no assurance that the Company's production plans will, if fully funded and implemented, successfully demonstrate that seafloor resource production is commercially viable. Risks related to the restructuring plan include the risk that the plan cannot be implemented as expected, the risk that the plan does not result in the cost savings expected and the risk that the restructuring plan and the bridge financing do not provide sufficient time for the Company to secure project financings for the Solwara 1 Project. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. 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 trades on the OTCQX:NUSMF, 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 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).


News Article | December 20, 2016
Site: www.marketwired.com

TORONTO, ONTARIO--(Marketwired - Dec. 20, 2016) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") would like to clarify that the directors have approved the issuance of 1,200,000 stock options and not 800,000, as was originally stated in the press release dated December 14, titled "Nautilus completes US$2 Million Private Placement", (see links section below). Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release. 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 trades on the OTCQX:NUSMF, 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 27% interest and Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 15% holding (each on a non-diluted basis, excluding loan shares outstanding under the Company's share loan plan).

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