Following the closings of the previously declared private placements in the United Kingdom on the AIM (Alternate Investment Market) and in North America, under which Nautilus Minerals Inc. raised total gross proceeds of $175-million (U.S.), the shareholdings of its four major shareholders in the issued common shares of the company before and after the private placements are as follows:
Shareholder Shares held % of common % of common
before shares before Shares held shares after
private private after private private
placements placements placements placements
Epion Holdings 16,350,000 19.9% 21,849,109 16.8%
Anglo American
(indirect) 8,333,334 10.1% 8,333,334 6.4%
Teck Cominco 7,575,758 9.2% 7,575,758 5.8%
Barrick Gold 4,783,163 5.8% 4,783,163 3.7%
Total shares
in issue 82,355,912 130,149,618
Both Anglo American, through its wholly owned subsidiary, Taurus Investments SA, and Teck Cominco maintain their previously granted anti-dilution rights in respect of future issuances of the company’s securities while Epion’s anti-dilution rights have now terminated. Barrick has not previously had, and does not currently have, any anti-dilution rights in respect of future issuances of the company’s securities.
David Heydon, chief executive officer of the company, commented: “Following the completion of the $175-million (U.S.) private placements earlier this year, the company is well positioned to execute its business plan. The financings have also introduced a number of leading institutional investors to the company, which has brought a balance of influence to the share register. Teck Cominco maintains a direct project influence with the recent secondment of several of its staff into Nautilus’s project team, along with the commitment to pay $12-million (U.S.) as part of an option to form joint ventures with Nautilus in the future.”
Options
The company has cancelled 170,000 options previously issued to employees and consultants and granted 245,000 options to consultants and employees of the company on March 7, 2007, at a price of $4.83 for a term of three years vesting as to 20 per cent every six months for a period of 30 months starting six months from the date of grant.
