Afri-can to Consolidate Shares and Close Financing
Afri-Can Marine Minerals received conditional TSX-V approval to close its $3-million financing following a 4:1 share consolidation.
Solwara 1 Project-nautilus Minerals
Papua New Guinea has issued a notice of arbitration against Nautilus Minerals Inc. and Nautilus Minerals Niugini Ltd. over a dispute under their 2011 state equity option agreement.
Nautilus Minerals Inc.: 2012 AGM Voting Results
Nautilus Minerals Inc. held its 2012 annual general meeting in Toronto, where 69.5 per cent of issued shares were represented and all resolutions passed.
Nautilus Minerals receives arbitration notice from PNG
Papua New Guinea has issued a notice of arbitration against Nautilus Minerals under their March 29, 2011 agreement covering the Solwara 1 project.
Nautilus Minerals, PNG continue Solwara 1 meetings
Nautilus Minerals and Papua New Guinea continued meetings over the past two weeks to resolve their dispute over the Solwara 1 project.
Afri-can Share Consolidation Approved by Shareholders
Afri-Can Marine Minerals shareholders approved a four-to-one share consolidation on June 1, 2012, a condition of its $3-million financing.
Nautilus Dispute with the State of Png
Nautilus Minerals is in a dispute with Papua New Guinea over completion of their March 29, 2011 agreement and has begun the pact's dispute resolution process.
Nautilus could hit Solwara 1 vessel financing delay
Nautilus Minerals says a change in partner Harren & Partner's equity commitment could delay financing and construction of the Solwara 1 production support vessel.
Afri-can Completes Geophysical Survey on Epl 3403 Marine Diamond Concession
Afri-Can Marine Minerals completed a geophysical survey on its EPL 3403 marine diamond concession in Namibia on May 14, 2012.
Nautilus Minerals Announces Financial Results for Q1 2012
Nautilus Minerals released unaudited Q1 2012 financial results, reporting $129.5 million in cash and continued progress on the Solwara 1 project.