Former Companies

Nautilus Minerals' Tongan subsidiary Tonga Offshore Mining Ltd. formally signed a 15-year exploration contract with the International Seabed Authority for 75,000 square kilometres in the Clarion Clipperton zone.

Nautilus Minerals disclosed that non-executive director Russell Debney sold 63,000 common shares in four tranches between Dec. 29, 2011, and Jan. 4, 2012.

Nautilus Minerals filed its updated mineral resource estimate for the Solwara project in Papua New Guinea's Bismarck Sea, with the full technical report now available on SEDAR.

Nautilus Minerals directors David De Witt and Russell Debney each exercised 100,000 options at 99 cents per share on Dec. 21, 2011, alongside a 12,000-share employee option exercise.

Nautilus Minerals chairman Geoffrey Loudon exercised 150,000 options at 99 cents per share on Dec. 20, 2011, ahead of their AIM admission.

Nautilus Minerals increased its Solwara 1 resource estimate and declared a maiden inferred resource at Solwara 12 following a drilling campaign in Papua New Guinea's Bismarck Sea.

Nautilus Minerals reported a $155.1-million cash balance for the September 2011 quarter after raising $70.5-million toward a $98.1-million financing that saw its board sanction the Solwara 1 project.

Nautilus Minerals closed the second and final tranche of its private placement, raising gross proceeds of $27.6 million through the issue of 10,940,004 shares.