Key points
- Nautilus Minerals held $90.9 million (equivalent) in cash and cash equivalents as at Sept. 30, 2012.
- The company issued 37.7 million shares in a private placement to raise approximately $34 million.
- Nautilus released a National Instrument 43-101 resource report for polymetallic nodules in the eastern Pacific.
- The company changed its chief executive officer and terminated the equipment build for the Solwara 1 project.
NAUTILUS MINERALS ANNOUNCES FINANCIAL RESULTS FOR Q3 2012
Nautilus Minerals Inc. has released its unaudited consolidated financial results for the third quarter ended Sept. 30, 2012, together with the management’s discussion and analysis.
Significant events:
$90.9-million (equivalent) in cash and cash equivalents as at Sept.
30, 2012;Issue of options and loan shares; Issue of 37.7 million shares in private placement to raise approximately
$34-million; National Instrument 43-101 resource report for polymetallic nodules in the eastern
Pacific released;
Change of chief executive officer;
Discovery of two high-grade systems in Tonga; Termination of equipment build for Solwara 1 project.
- $90.9-million (equivalent) in cash and cash equivalents as at Sept.
30, 2012;
- Issue of options and loan shares;
- Issue of 37.7 million shares in private placement to raise approximately
$34-million;
- National Instrument 43-101 resource report for polymetallic nodules in the eastern
Pacific released;
- Change of chief executive officer;
- Discovery of two high-grade systems in Tonga;
- Termination of equipment build for Solwara 1 project.
The financial statements and management’s discussion and analysis have been filed on SEDAR and are also available on the company’s website.
