Key points
- Nautilus Minerals received a further $500,000 in gross proceeds from the first tranche of its non-brokered private placement.
- The 555,556 shares issued complete the first tranche of a $34-million raise of approximately 37.7 million shares at 90 cents per share.
- The remaining approximately 20.6 million shares will be issued following receipt of final regulatory approval.
- Application has been made for the new shares to be admitted to trading on AIM on Aug. 13, 2012, and they will also list on the Toronto Stock Exchange, bringing total shares in issue to 213,465,483.
NAUTILUS RECEIVES FINAL PROCEEDS FROM FIRST TRANCHE OF PRIVATE PLACEMENT
Nautilus Minerals Inc. has received a further $500,000 in gross proceeds from the issue of the first tranche of shares forming part of the non-brokered private placement announced last week.
The 555,556 shares issued today completes the first tranche of a $34-million capital raise involving the issue of approximately 37.7 million shares at a share price of 90 cents.
The remaining shares (approximately 20.6 million) are to be issued following receipt of final regulatory approval.
Application has been made to the AIM market of the London Stock Exchange for the 555,556 shares to be admitted to trading on Aug. 13, 2012. The shares will also be listed for trading on the Toronto Stock Exchange. Following this issue of shares, the company will have 213,465,483 shares in issue.
Further details of the private placement are available on the Nautilus website.
