Former Companies

Nautilus Minerals reported unaudited Q1 2016 financial results showing $47.5 million in cash as of March 31, 2016, alongside progress on its Solwara 1 seafloor production equipment.

Loews Corp acquired 34,972,795 Nautilus Mineral shares on April 8, 2016 in a rights offering, then later sold enough shares to fall below 10 per cent ownership.

Nautilus Minerals closed its rights offering, raising gross proceeds of $28,263,829.65 through the issuance of 188,425,531 common shares.

Nautilus Minerals reminded shareholders that its rights offering, trading on the TSX as NUS.RT, will expire at 2 p.m. Vancouver time on April 6, 2016.

Nautilus Minerals released its 2015 annual results, reporting $56.5 million (U.S.) in cash and continued progress on the Solwara 1 seafloor mining project.

Nautilus Minerals said three sea floor production tools for the Solwara 1 project arrived at Duqm Port, Oman, ahead of wet testing.

Nautilus Minerals filed a final short form prospectus for a rights offering to raise up to C$103-million by issuing rights for 686,666,666 common shares at 15 cents each.

Nautilus Minerals has filed a preliminary prospectus for a rights offering to raise up to C$103-million through 686,666,666 common shares at 15 cents each.

The Solwara 1 joint venture reports factory acceptance testing has commenced on the subsea slurry and lift pump at GE Oil and Gas's Houston facility.

The Solwara 1 joint venture has taken delivery of three seafloor production tools from SMD's Newcastle upon Tyne facility ahead of wet testing in Oman.