Nautilus Minerals

Nautilus Minerals has appointed Mike Johnston as interim president and CEO, effective immediately, replacing Steve Rogers.

Nautilus Minerals Inc. granted 225,000 stock options and issued 3.8 million loan shares to employees and its executive director under its incentive plans.

Nautilus Minerals granted 900,000 options and issued 200,000 loan shares to non-executive directors as full 2012 remuneration.

Nautilus Minerals' subsidiary Tonga Offshore Mining released an independent NI 43-101 technical report containing a maiden mineral resource estimate for its Clarion-Clipperton Fracture zone polymetallic nodule project.

Tonga Offshore Mining Ltd. reported a maiden inferred mineral resource of 410 million tonnes of polymetallic nodules in the Clarion-Clipperton Zone, estimated by Golder Associates.

Mawarid Offshore Mining, a subsidiary of MB Holding Company, completed the second and final tranche of its Nautilus Minerals share subscription on Sept. 11, 2012.

Nautilus Minerals closed the second and final tranche of its private placement, raising gross proceeds of $18.6-million through the issue of 20,632,382 shares at 90 cents each.

Nautilus Minerals received a further $500,000 gross from the first tranche of its private placement, completing the issue of 555,556 shares.

Nautilus Minerals closed the first tranche of its private placement, raising $14.8-million in gross proceeds.

Nautilus Minerals reported Q2 2012 results, including $87.1-million in cash, a Solwara 1 offtake deal, and a $34-million private placement.