Toronto Ontario, August 4, 2017 – Nautilus Minerals Inc. (TSX:NUS, OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that it has closed its previously announced private placement pursuant to its financing notice dated July 21, 2017, delivered under the Company’s subscription agreement with Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited (together, the “Investors”) dated August 21, 2016, as amended.
At the closing, the Company issued an aggregate of 11,761,682 common shares to the Investors at an issue price of C$0.214 per share for aggregate proceeds to the Company of US$2,000,000.
The private placement was allocated equally between the two Investors.
The private placement forms part of the up to US$20 million financing approved by the Company’s shareholders at the extraordinary general meeting of the Company held on October 26, 2016.
For more information please contact:
Nautilus Minerals Inc. (Toronto)
Tel: +1 416 551 1100