Nautilus Minerals

Nautilus Minerals reported unaudited third-quarter 2013 results, including a favourable Papua New Guinea arbitration decision and $54.0-million (U.S.) in cash as at Sept. 30, 2013.

Papua New Guinea has not yet completed its purchase of a 30-per-cent interest in Nautilus Minerals' Solwara 1 project.

Nautilus Minerals completed a 54-day polymetallic nodule exploration program in the Clarion Clipperton zone through its subsidiary Tonga Offshore Mining Ltd.

An arbitrator ruled in Nautilus Minerals' favour against Papua New Guinea, ordering the state to complete its purchase of a 30-per-cent stake in the Solwara 1 project.

Nautilus Minerals appointed Usama Barwani and Mark Horn to its board of directors following the resignation of Matthew Hammond.

Nautilus Minerals says the arbitration hearing with Papua New Guinea has concluded and both parties now await arbitrator Murray Gleeson's decision.

Nautilus Minerals released unaudited Q2 2013 financial results, reporting a closed $40-million rights offering and $64.5-million in cash as at June 30, 2013.

Nautilus Minerals issued a statement on its share price move. It says no material undisclosed news explains the rise.

Nautilus Minerals granted 2.25 million stock options and issued 4.5 million loan shares to directors and employees under 2013 remuneration and retention plans.

Nautilus Minerals Inc. reported AGM voting results from its June 26, 2013 meeting in Toronto, where 67.89 per cent of issued shares were represented.