Innovation Norge provides financial support
Loke Marine Minerals received Innovasjon Norge funding for a pre-project on sustainable marine minerals exploration methods.
Nautilus Minerals a Change in Directors and Officers
Nautilus Minerals lost four of five directors and its CEO on March 29, 2019, as the company proceeds through CCAA creditor protection.
Nautilus shares to delist from TSX April 3
The Toronto Stock Exchange will delist Nautilus Minerals' common shares effective April 3, 2019, after the company's appeal against the decision was unsuccessful.
Nautilus obtains creditor protection under CCAA
Nautilus Minerals obtained CCAA creditor protection from the Supreme Court of British Columbia and received a new interim loan of up to $4-million (U.S.) to fund restructuring.
Nautilus extends maturity date of loan to March 8
Nautilus Minerals and Deep Sea Mining Finance agreed to extend the maturity date of their existing secured loan facility by 28 days to March 8, 2019.
Nautilus lender Deep Sea acquires 75.17 M warrants
Deep Sea Mining Finance and joint actors acquired 75,171,816 Nautilus Minerals warrants exercisable at 17 cents per share for five years.
Nautilus receives $500,000 (U.S.) loan from Deep Sea
Nautilus Minerals received a $500,000 (U.S.) loan from related-party lender Deep Sea Mining Finance under its secured credit facility of up to $34-million (U.S.).
Nautilus Minerals yet to see $5-million (U.S.) loan
Nautilus Minerals has not received a previously announced $5-million (U.S.) loan but says Deep Sea Mining Finance has agreed to loan it $500,000 (U.S.) for short-term financing needs.
Nautilus extends Deep Sea loan to Feb. 8
Nautilus Minerals extended its secured loan facility with Deep Sea Mining Finance Ltd. by 30 days to Feb. 8, 2019, while pursuing new financing.
Nautilus receives $455,000 (U.S.) loan from Deep Sea
Nautilus Minerals received a $455,000 (U.S.) loan from related party Deep Sea Mining Finance under its secured $34-million (U.S.) credit facility.