Mawarid Offshore Mining increased its stake in Nautilus Minerals to approximately 27 per cent after acquiring 7,769,540 shares under a private-placement subscription agreement.
Metalloinvest Holding (Cyprus) Ltd. increased its stake in Nautilus Minerals to 98,438,065 common shares, or approximately 15.3 per cent, after a December 2016 private placement tranche.
Nautilus Minerals closed a US$2-million private placement, issuing 15,539,080 shares at 17.4 cents each to Mawarid Offshore Mining and Metalloinvest Holding.
Nautilus Minerals accepted the resignation of non-executive director Cynthia Thomas from its board, effective Dec. 7, 2016, after 6.5 years of service.