Nautilus Minerals Inc.’s trading restrictions on the company’s shares issued pursuant to its Feb. 20, 2007, North American private placing that raised $75-million (U.S.) have expired, allowing the shares to be freely tradable under the laws of both the United Kingdom and Canada.
The company has made an application to the London Stock Exchange for the 20,344,850 shares currently trading on the AIM NUSR line (comprising all the shares issued in the North American private placing) 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 26, 2007.
Following the transfer, all of the company’s issued share capital of 130,166,284 shares 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.
