Former Companies

Nautilus Minerals has applied for 47 new exploration licences covering 108,295 square kilometres of the Bismarck Sea in Papua New Guinea, bringing its total prospective acreage to 122,309 square kilometres.

Nautilus Minerals Inc. closed a private placement of 22,833,334 common shares at $3 (U.S.) per share for gross proceeds of $68.5-million (U.S.).

Anglo American, through subsidiary Taurus Investments S.A., acquired 8,333,334 treasury shares of Nautilus Minerals for US$25 million in a private placement, representing approximately 11.46% ownership.

Nautilus Minerals agreed to a US$68.5-million private placement, with Anglo American investing US$25-million and signing a technical-cooperation agreement.

Nautilus Minerals signed a heads of agreement with Jan De Nul to build and operate a specialized deep-sea mining vessel for the Solwara 1 project in Papua New Guinea.

Nautilus Minerals reported high-grade gold-silver-copper-zinc mineralization at its new Solwara 4 prospect and further high-grade results from Solwara 1, both within its 100-per-cent-owned PNG licence EL 1196.