Key points
- Nautilus Minerals placed 27,438,606 new common shares at 185 pence per share, raising gross proceeds of 50.8 million pounds sterling (about $100 million U.S.).
- The company’s market capitalization on admission at the placing price will be 203.1 million pounds sterling.
- The new shares represent approximately 25 per cent of Nautilus Minerals’ issued share capital following the placing.
- Numis Securities acted as nominated adviser and broker, underwrote the placing, and also placed 908,117 existing shares on behalf of two directors and a person connected with one director.
Nautilus Minerals Inc. is admitting to the Alternative Investment Market, following the successful placing of 27,438,606 new common shares at a price of 185 pence per share to raise gross proceeds of 50.8 million pounds sterling (equal to $100-million (U.S.)) for the company. The market capitalization of the company on admission at the placing price will be 203.1 million pounds sterling.
The new common shares represent approximately 25 per cent. of the issued share capital of the company following the placing of the new common shares. Numis Securities is the nominated adviser and broker to the company. In light of the fully subscribed placing, Numis has also placed 908,117 existing common shares of the company on behalf of two directors and a person connected with one director. The placing has been underwritten by Numis.
