Nautilus Minerals Announces Financial Results for Q3 2012
November 14 2012 - 7:31AM
Marketwired
Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS)(OTCQX:NUSMF) (the
"Company" or "Nautilus") announces the release of its unaudited
consolidated financial results for the third quarter ended
September 30, 2012 (the "Financial Statements") together with
Management's Discussion and Analysis.
Significant Events:
-- $90.9 million (equivalent) in cash and cash equivalents as at September
30, 2012
-- Issue of Options and Loan Shares
-- Issue of 37.7 million shares in private placement to raise approximately
C$34 million
-- NI 43-101 Resource Report for Polymetallic Nodules in the Eastern
Pacific released
-- Change of CEO
-- Discovery of two high grade systems in Tonga
-- Termination of Equipment Build for Solwara 1 Project
The Financial Statements and Management's Discussion and
Analysis have been filed on www.sedar.com and are also available on
the Company's website
www.nautilusminerals.com/s/Investors-Financials.asp.
Links
http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=557207
For more information please refer to
www.nautilusminerals.com.
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for
polymetallic seafloor massive sulphide deposits and is developing
its first project at Solwara 1, in the territorial waters of Papua
New Guinea, where it is aiming to produce copper, gold and silver.
The company has been granted all necessary environmental and mining
permits.
Nautilus also holds more than 500,000 km2 of highly prospective
exploration acreage in the western Pacific; in PNG, the Solomon
Islands, Fiji, Vanuatu and Tonga, as well as in international
waters in the eastern Pacific.
A Canadian registered company, Nautilus is listed on the
(TSX:NUS) and (AIM:NUS) stock exchanges and (OTCQX:NUSMF). Its
corporate office is in Brisbane, Australia. Its major shareholders
include Metalloinvest, the largest iron ore producer in Europe and
the CIS, which has a 21% holding, global mining group Anglo
American, which holds an 11.1% interest and MB Holdings, an Oman
based group with interests in mining, oil & gas, which holds a
16.9% interest.
Neither the TSX, London Stock Exchange, nor the OTCQX accepts
responsibility for the adequacy or accuracy of this press
release.
Contacts: Nautilus Minerals Inc. (Toronto) Investor Relations +1
(416) 551 1100investor@nautilusminerals.com
www.nautilusminerals.com Numis Securities Limited Nominated
adviser: Alastair Stratton/Stuart Skinner Corporate broking: James
Black + 44(0) 20 7260 1000 Dahlman Rose & Co., LLC Christopher
R. Weekes 1301 Avenue of the America's New York, NY 10019 +1 212
372 5766