Nautilus Minerals received a $770,000 (U.S.) loan from Deep Sea Mining Finance Ltd. under its secured credit facility, issuing 3,307,560 warrants in exchange.
Nautilus Minerals has engaged Metals Logistics Investments and Eight Capital as financial advisers while the shipyard building its production support vessel rescinded the construction contract.
Nautilus Minerals received a $300,000 (U.S.) loan from Deep Sea Mining Finance Ltd. under its existing secured credit facility of up to $34-million (U.S.).
Nautilus Minerals president and CEO Mike Johnston departed the company with immediate effect, with independent director John McCoach appointed interim CEO.