Former Companies

Mawarid Offshore Mining increased its stake in Nautilus Minerals to 28.1 per cent after acquiring shares under a private placement subscription agreement.

Nautilus Minerals shareholder Metalloinvest acquired 14,364,080 common shares under a 2016-17 subscription agreement, raising its stake to 16.8 per cent.

Nautilus Minerals closed a US$2-million private placement, issuing 12,507,042 common shares at 21.3 Canadian cents each to Mawarid Offshore Mining and Metalloinvest Holding.

Nautilus Minerals' sea floor production tools have arrived in Papua New Guinea and will shortly begin submerged trials.

Nautilus Minerals released its audited financial results for the year ended Dec. 31, 2016, reporting $26.8-million (U.S.) in cash and continued advancement of the Solwara 1 project.

Nautilus Minerals delivered a financing notice on March 22, 2017, for a US$2-million private placement of 12,507,042 common shares to two investors.

Nautilus Minerals closed a US$2-million private placement, issuing 16,221,118 common shares to two existing investors.

Nautilus Minerals delivered a US$2 million financing notice for a private placement of 16,221,118 common shares at 16.1 cents per share.

Nautilus Minerals clarified that its directors approved 1.2 million stock options, not the 800,000 stated in its Dec. 14 release.

Mawarid Offshore Mining increased its stake in Nautilus Minerals to approximately 27 per cent after acquiring 7,769,540 shares under a private-placement subscription agreement.