Former Companies

Metalloinvest Holding (Cyprus) Ltd. increased its stake in Nautilus Minerals to 98,438,065 common shares, or approximately 15.3 per cent, after a December 2016 private placement tranche.

Nautilus Minerals closed a US$2-million private placement, issuing 15,539,080 shares at 17.4 cents each to Mawarid Offshore Mining and Metalloinvest Holding.

Nautilus Minerals accepted the resignation of non-executive director Cynthia Thomas from its board, effective Dec. 7, 2016, after 6.5 years of service.

Nautilus Minerals has provided an update on construction progress of the production support vessel for its Solwara 1 seafloor copper-gold project in Papua New Guinea.

Nautilus Minerals delivered a financing notice for a US$2-million private placement of 15,539,080 common shares to two investors dated Nov. 21, 2016.

Nautilus Minerals completed factory acceptance testing of its riser tooling in Poland and subsea pull-in skids in the United States this week.

Nautilus Minerals reported Q3 2016 results including $34.1-million (U.S.) in cash and progress on the Solwara 1 project and its production support vessel.

Nautilus Minerals shareholders approved bridge financing from the company's two largest shareholders at an Oct. 26, 2016 EGM in Vancouver.

Nautilus Minerals appointed Stuart MacKenzie as company secretary and legal counsel and Glenn Withers as acting chief financial officer, effective Oct. 14, 2016.

Nautilus Minerals floated the 220-metre production support vessel's hull in dry dock at Fujian Mawei Shipyard, advancing construction for the Solwara 1 seafloor mining project.