Loews Corp acquired 34,972,795 Nautilus Mineral shares on April 8, 2016 in a rights offering, then later sold enough shares to fall below 10 per cent ownership.
Nautilus Minerals released its 2015 annual results, reporting $56.5 million (U.S.) in cash and continued progress on the Solwara 1 seafloor mining project.
Nautilus Minerals filed a final short form prospectus for a rights offering to raise up to C$103-million by issuing rights for 686,666,666 common shares at 15 cents each.