Trading restrictions on Nautilus Minerals Inc.’s shares issued on Feb. 2, 2007, pursuant to the company’s private placement and admission to AIM, and the shares issued pursuant to the company’s private placements prior to the AIM listing, have now expired, allowing the shares to be freely tradable under the laws of both the United Kingdom and Canada.
The company has made application to the London Stock Exchange for 63,744,198 shares (comprising 27,438,606 shares from the AIM private placement, along with 36,305,592 other shares which were previously the subject of trading restrictions on the date of the AIM listing), to be transferred from the company’s restricted line under AIM (NUSR) to the company’s unrestricted line (NUS). The transfer is expected to become effective on June 11, 2007.
Following the transfer, the company’s issued share capital of 130,166,284 shares will comprise 20,344,850 shares which will be the subject of trading restrictions on both AIM and the TSX Venture Exchange and will continue to trade on the AIM NUSR line, and 109,821,434 shares which will trade on the company’s unrestricted NUS line.
The remainder of the company’s restricted stock is expected to be transferred to the unrestricted line when trading restrictions arising from the company’s North American private placing, as reported in Stockwatch Feb. 20, 2007, expire on June 21, 2007, at which time all stock will be freely tradable on both AIM and the TSX Venture Exchange, subject to compliance with the requirements of any applicable U.S. securities laws.
