Key points
- A total of 10,473,140 common shares will be released from escrow on Nov. 9, 2007, with the remaining 948,733 shares staying in escrow until March 16, 2008.
- Of the shares released, 6,602,548 remain subject to AIM lock-in arrangements prohibiting trading until Feb. 2, 2008, alongside a further 21,849,109 shares under the same restriction.
- Exercise of options and warrants raised $4.6-million (US), or 2.2 million pounds sterling, prompting an application for 1,601,666 common shares to be admitted to trading on AIM and TSX on Nov. 9, 2007.
- The company’s registered office has changed to the 10th Floor, 595 Howe St., Vancouver, B.C., V6C 2T5.
NAUTILUS MINERALS INC.: ESCROW RELEASE
As a result of Nautilus Minerals Inc. moving to the Toronto Stock Exchange, a total of 10,473,140 common shares will be released from escrow on Nov. 9, 2007. The escrow of certain of the company’s common shares was a requirement of the TSX Venture Exchange in relation to the reverse takeover and listing of the company’s common shares on that exchange in May, 2006. Following the release of the shares from escrow, the remaining balance of 948,733 shares will remain in escrow until March 16, 2008, at which time those shares will be also released from escrow.
Notwithstanding the release of the 10,473,140 common shares from escrow, 6,602,548 of those shares will remain subject to the lock-in arrangements entered into at the time of the company’s admission to the Alternative Investment Market, prohibiting their trading until Feb. 2, 2008. A further 21,849,109 common shares also remain subject to the lock-in arrangements that were entered into at the time of the AIM listing. The AIM lock-in arrangements will terminate on Feb. 2, 2008.
Exercise of options and warrants
As a result of the exercise of certain options and warrants raising $4.6-million (U.S.) (2.2 million pounds sterling (i)), the company has made application for 1,601,666 common shares to be admitted to the AIM and TSX. The shares are expected to be admitted to trading on Nov. 9, 2007.
(i) Exchange rate used in this announcement: $1 (U.S.) equals 0.4787 pound sterling.
Change of registered office
The company announces that, with immediate effect, its registered office has been changed to 10th Floor, 595 Howe St., Vancouver, B.C., V6C 2T5, Canada.
