Key points
- Nautilus Minerals issued 10,940,004 shares in the second tranche at a price of $2.52 per share.
- The private placement totalled $98.1 million before expenses through the issue of approximately 39 million shares.
- The first tranche of approximately 28 million shares was issued on Sept. 8, 2011.
- Application was made for the second tranche to be admitted to trading on the AIM market of the London Stock Exchange on Oct. 7, 2011, with the shares also to be listed on the Toronto Stock Exchange.
Nautilus Minerals Inc. has received gross proceeds of $27.6-million from the issue of the second tranche of shares forming the final part of the private placement announced in August.
A total of 10,940,004 shares was issued today in the second tranche at the issue price of $2.52 per share.
The shares formed part of a total capital raising of $98.1-million, before expenses, involving the issue of approximately 39 million shares. The first tranche of approximately 28 million shares was issued on Sept. 8, 2011.
Application has been made to the AIM market of the London Stock Exchange for the second tranche of shares to be admitted to trading on Oct. 7, 2011. The shares also will be listed for trading on the Toronto Stock Exchange.
Further details of the private placement are available on the Nautilus website.
