Key points
- The second tranche consisted of 20,632,382 shares issued at 90 cents per share for gross proceeds of $18.6-million.
- The private placement, first announced Aug. 1, 2012, totals $33.9-million before expenses through the issue of 37,673,124 shares.
- Nautilus now has 234,097,865 shares issued and outstanding following the second tranche closing.
- MB Holding’s subsidiary Mawarid Offshore Mining now owns approximately 16.9 per cent of Nautilus, and its nominee Dr. Mohammed Ali Al Barwani has been appointed to the board.
NAUTILUS CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT
Nautilus Minerals Inc. has received gross proceeds of $18.6-million from the issue of the second and final tranche of shares forming part of the non-brokered private placement first announced on Aug. 1, 2012.
A total of 20,632,382 shares were issued today in the second tranche at an issue price of 90 cents per share. The second tranche shares form part of a total capital raising of $33.9-million, before expenses, involving the issue of 37,673,124 shares. The closing of the first tranche was announced on Aug. 3, 2012. No finders’ fees or commissions are payable by the company in connection with the private placement. The total number of issued and outstanding shares of the company is now 234,097,865.
The shares will be listed for trading on the Toronto Stock Exchange. Application has also been made to the Alternative Investment Market of the London Stock Exchange for the second tranche shares to be admitted to trading on Sept. 17, 2012.
Following the closing of this second tranche, Metalloinvest maintains its interest in Nautilus at 21 per cent, Anglo American maintains its interest at 11.1 per cent, and MB Holding Company LLC, through its subsidiary Mawarid Offshore Mining Ltd., now owns approximately 16.9 per cent of the company’s shares. As noted in the news release dated Aug. 1, 2012, Mawarid has been granted the right to nominate a director to the board of Nautilus as long as it maintains its ownership interest in Nautilus at 15 per cent or more. The appointment of Mawarid’s nominee, Dr. Mohammed Ali Al Barwani has now been made effective.
Dr. Barwani, age 60, is founder and chairman of the MB Group; has a bachelor’s degree in science from Miami University, Ohio, United States; was awarded PhD and master of petroleum engineering degrees from Herriott-Watt University, Edinburgh, United Kingdom; and is a member of the International SeaKeepers Society, an organization dedicated to the protection of the environment through the world’s oceans.
The MB Group has operations in 20 countries, 6,000 employees of 51 nationalities and generates revenues in excess of $1.2-billion (U.S.). Dr. Barwani is also the non-executive chairman of Transgulf Holding (a publicly listed company) and Al Madina Insurance SAOC; is a member of the board of Oman Air (the national airline); and held the following directorships/partnerships in the five years prior to this appointment:
MB Century Drilling Pty. Ltd.; MB Air Ltd.;
UCL Resources Ltd.; MB Drilling Overseas Ltd.;
Oceanco Shipbuilders & Partners Ltd.; MB Petroleum (Asia Pacific) Ltd.;
MB Overseas Ltd.; MB Informatics Private Ltd.;
Mawarid Offshore Mining; Biogenomics Ltd.;
Musstir Ltd.; MB Oilfield Services Malaysia Sdn
Bhd;
Ali M. Barwani Investment Co. (BVI) Ltd.; MBPS Malaysia SDN BHD;
Petrogas E&P (India) Ltd.; MB Holding Mauritius Ltd.;
Razan International Ltd.; MB Petroleum BV;
MBPS Finance Company; Alblasserdam Yatchbuilding Shipyards
Ltd.;
MB Aviation Ltd.; Blue Ocean Engineering BV;
Hamad Ltd.; Alblasserdam Yatchbuilding BV;
Alblasserdam Yatchbuilding Holding BV; Transgulf Investments Holding
Co. SAOG;
Alblasserdam Yatchbuilding Properties BV; Oman Aviation Company SAOC;
Century Resources Services Ltd.; Al Madina Insurance Company SAOC;
Century Drilling & Energy Services Ltd.;Al Madina Financial Services Company
SAOC;
MB Petroleum Services LLC; MB Investment LLC;
Mawarid Mining LLC; MB Holding Co. LLC;
Petrogas E&P LLC; MB Petroleum Services Company
Ltd.;
United Engineering Services LLC; MB Century Holding Pte. Ltd.;
Mawarid Mining Company Ltd.
- MB Century Drilling Pty. Ltd.;
- MB Air Ltd.;
- UCL Resources Ltd.;
- MB Drilling Overseas Ltd.;
- Oceanco Shipbuilders & Partners Ltd.;
- MB Petroleum (Asia Pacific) Ltd.;
- MB Overseas Ltd.;
- MB Informatics Private Ltd.;
- Mawarid Offshore Mining;
- Biogenomics Ltd.;
- Musstir Ltd.; MB Oilfield Services Malaysia Sdn
Bhd;
- Ali M. Barwani Investment Co. (BVI) Ltd.;
- MBPS Malaysia SDN BHD;
- Petrogas E&P (India) Ltd.;
- MB Holding Mauritius Ltd.;
- Razan International Ltd.;
- MB Petroleum BV;
- MBPS Finance Company;
- Alblasserdam Yatchbuilding Shipyards
Ltd.;
- MB Aviation Ltd.;
- Blue Ocean Engineering BV;
- Hamad Ltd.;
- Alblasserdam Yatchbuilding BV;
- Alblasserdam Yatchbuilding Holding BV;
- Transgulf Investments Holding
Co. SAOG;
- Alblasserdam Yatchbuilding Properties BV;
- Oman Aviation Company SAOC;
- Century Resources Services Ltd.;
- Al Madina Insurance Company SAOC;
- Century Drilling & Energy Services Ltd.;
- Al Madina Financial Services Company
SAOC;
- MB Petroleum Services LLC;
- MB Investment LLC;
- Mawarid Mining LLC;
- MB Holding Co. LLC;
- Petrogas E&P LLC;
- MB Petroleum Services Company
Ltd.;
- United Engineering Services LLC;
- MB Century Holding Pte. Ltd.;
- Mawarid Mining Company Ltd.
Other than as set out above, there is no information with regard to the above-mentioned appointment that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.
