Neptune Minerals Plc was notified on 11 October 2007 that RAB Special Situations (Master) Fund Limited no longer holds a notifiable interest in its voting rights.
The Toronto Stock Exchange approved Nautilus Minerals Inc.'s US$39 million private placement to Epion Holdings Ltd., subject to shareholder approval by Dec. 25, 2007.
Nautilus Minerals says development of its Solwara 1 seafloor copper-gold project off Papua New Guinea continues to advance despite the July 2007 end of talks with contractor Jan de Nul.
Nautilus Minerals' major shareholder Epion Holdings has agreed to buy 10,859,690 units at $3.60 in a private placement raising gross proceeds of US$39,094,884.
Nautilus Minerals confirmed a high-grade copper-gold deposit at its Solwara 1 seafloor prospect in Papua New Guinea after drilling 107 holes this year.