Nautilus Minerals arranged bridge loans of up to $7-million (U.S.) from Deep Sea Mining Finance Ltd. and signed a new financing mandate with M. Horn & Co. Ltd.
Russell Debney resigned as chairman and director of Nautilus Minerals Inc. effective Dec. 27, 2017, and the company is seeking a new independent director.
Nautilus Minerals says financing discussions with major shareholders and other parties continue longer than expected, with no assurance funding will be secured.