Record Sales Price and Production Update
Diamond Fields International posted a record $258/carat sales price. The first DP1 parcel of 1,343 carats sold for $346,342 in Belgium.
Interim results for the six months ended 31 December 2006
Neptune Minerals reported interim results for the six months to 31 December 2006, highlighting new exploration licence applications and a Kermadec '07 exploration agreement.
Us$1.5 Million Credit Facility Transaction and Consolidation of Debt
Diamond Fields secured a $1.5-million credit facility from Spirit. The deal consolidates its debt to $3.98-million, effective Feb. 20, 2007.
Nautilus Minerals 20.34-million-share private placement
The TSX Venture Exchange accepted filing for Nautilus Minerals' brokered private placement of 20,344,850 shares at $4.35 per share, announced Jan. 24, 2007.
Neptune makes strategic applications in Japan and PNG
Neptune Minerals lodged 133 prospecting licence applications for seafloor massive sulphide deposits in Japan and five exploration licence applications covering 12,850 km2 in Papua New Guinea.
Us$75 Million North American Private Placement Completed
Nautilus Minerals completed a private placement of 20,344,850 units at $4.35 each for gross proceeds of $88.5-million to fund its Solwara 1 project.
Formal Mining Agreement and Continued Strong Diamond Recoveries From Early Offshore Joint Operations
Diamond Fields signed a formal mining agreement with Bonaparte. DFI keeps 70 per cent of revenue from mining licence ML111.
Spirit Resources Sarl Acquires Ownership and Control of 27% of Issued and Outstanding Shares of Diamond Fields International
Spirit Resources SARL acquired shares of Diamond Fields International. Boulle now holds about 27% of DFI's shares.
Strong Diamond Recoveries From Initial Offshore Joint Operations
Diamond Fields International's DP1 diamond recoveries beat estimates. It recovered 1,448 diamonds (705 carats) in 8.5 days off Luderitz, Namibia.
Nautilus Minerals Inc.: Us$75 Million North American Private Placement, Pricing of Units
Nautilus Minerals priced a brokered private placement of up to 20,344,850 units at $4.35 (Canadian) each for gross proceeds of up to $75-million (U.S.).