Nautilus Minerals disclosed that non-executive director Russell Debney sold 63,000 common shares in four tranches between Dec. 29, 2011, and Jan. 4, 2012.
Nautilus Minerals filed its updated mineral resource estimate for the Solwara project in Papua New Guinea's Bismarck Sea, with the full technical report now available on SEDAR.
Nautilus Minerals directors David De Witt and Russell Debney each exercised 100,000 options at 99 cents per share on Dec. 21, 2011, alongside a 12,000-share employee option exercise.
Nautilus Minerals increased its Solwara 1 resource estimate and declared a maiden inferred resource at Solwara 12 following a drilling campaign in Papua New Guinea's Bismarck Sea.
Afri-Can Marine Minerals is exercising its option to acquire 20 per cent of Thyme Investments, owner of the EPL 3403 marine diamond concession in Namibia, under an amended agreement with IMDH and BVI.
Nautilus Minerals reported a $155.1-million cash balance for the September 2011 quarter after raising $70.5-million toward a $98.1-million financing that saw its board sanction the Solwara 1 project.
Afri-Can Marine Minerals and Deep-South Mining have engaged Jennings Capital as financial adviser and lead agent to list their combined 30-per-cent interest in the Haib Copper project in Namibia.