Key points
- Nautilus Minerals issued 16,485,186 shares today at 90 cents per share for gross proceeds of $14.8-million.
- The first tranche forms part of a total capital raising of $34-million, before expenses, involving approximately 37.7 million shares.
- An additional 555,556 shares will be issued next week, with the remaining approximately 20.6 million shares issued after final regulatory approval.
- The first tranche of 16,485,186 shares has applied for admission to trading on AIM on Aug. 7, 2012, and will also be listed on the Toronto Stock Exchange.
NAUTILUS CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Nautilus Minerals Inc. has received gross proceeds of $14.8-million from the issue of the first tranche of shares forming part of the non-brokered private placement announced earlier this week.
A total of 16,485,186 shares were issued today in the first tranche at an issue price of 90 cents per share.
The shares formed part of a total capital raising of $34-million, before expenses, involving the issue of approximately 37.7 million shares. An additional 555,556 shares will be issued next week. The remaining shares (approximately 20.6 million) are to be issued following receipt of final regulatory approval. No finders’ fees or commissions are payable by the company in connection with the private placement.
Application has been made to the Alternative Investment Market of the London Stock Exchange for the first tranche of 16,485,186 shares to be admitted to trading on Aug. 7, 2012. The shares will also be listed for trading on the Toronto Stock Exchange.
Further details of the private placement are available on the Nautilus website.
