Key points
- Nautilus Minerals Inc. applied for three million common shares to be admitted to trading on the Alternative Investment Market.
- Teck Cominco Ltd. agreed to exercise its share purchase warrants six months early, as announced in Stockwatch on Dec. 20, 2007.
- Teck Cominco acquired the three million additional common shares at $5 (U.S.) per share, for a total of $15-million (U.S.).
- The shares are expected to be admitted to trading on Dec. 28, 2007.
Nautilus Minerals Inc. has made application for three million common shares to be admitted to the Alternative Investment Market, further to its announcement in Stockwatch on Dec. 20, 2007, regarding Teck Cominco Ltd. agreeing to exercise, six months early, its share purchase warrants to acquire three million additional common shares of the company, at a price of $5 (U.S.) per share, for a total of $15-million (U.S.). The shares are expected to be admitted to trading on Dec. 28, 2007.
