Nautilus Minerals Inc: C$39.1 million Private Placement Closed
Friday, November 30th, 2007
Nautilus Minerals Inc. is pleased to announce that it has completed the private placement of Units as set forth in the Company’s Information Circular dated October 19, 2007 for gross proceeds of C$39.1 million (equal to US$39.4 million or Â£19.1 million) (the “Placement”).
David Heydon, Nautilus’ CEO, commented: “The Company is now well positioned to maintain its momentum and exploration with cash on hand of approximately US$295 million (equal to C$292 million or Â£143 million)”.
Application has been made for the 10,859,690 common shares issued in connection with the Placement to be admitted to AIM. The common shares are expected to be admitted to trading on December 4, 2007.
The Company currently has in issue:
Common and outstanding shares 142,815,640
Fully diluted 171,031,021
Exchange rates used herein: C$1.00 equal to US$1.01 and Â£0.49.