Nautilus Minerals Inc.

Nautilus Minerals Inc.

September 07, 2010 09:37 ET

Nautilus Grants Incentive Stock Options

TORONTO, ONTARIO--(Marketwire - Sept. 7, 2010) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") announces that it has granted 200,000 incentive stock options to a non-executive director of the Company as remuneration for work undertaken in 2010. The options granted are the same number and price as for the other non-executive directors as announced August 26, 2010.

The options were granted under the Company's Stock Option Plan which was approved by shareholders.

The details regarding the options granted are as follows:
Name   No. of Options   Exercise Price   Vesting Period   Expiry Date
Russell Debney   200,000   C$2.31   20% every six months commencing March 2, 2011   September 2, 2013
Total options granted   200,000            

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for polymetallic seafloor massive sulphide deposits and is currently developing its first project. The Company's main focus is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and AIM stock exchanges, and has among its largest shareholders two of the world's leading international resource companies, Teck Resources (6.8%) and Anglo American (11.1%). Metalloinvest, one of the largest and fastest growing mining and metallurgical holding companies in Russia, beneficially owns 21.0% of its shares through Gazmetall Holding (Cyprus) Limited. 

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Neither the TSX nor the London Stock Exchange accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Nautilus Minerals Inc. (Toronto)
    Investor Relations
    +1 (416) 551 1100
    Australian Project Office
    +61 (7) 3318 5555
    Numis Securities Limited
    Nominated adviser: John Harrison
    Corporate broking: James Black
    + 44(0) 20 7260 1000