Nautilus Minerals Inc.

Nautilus Minerals Inc.

August 12, 2013 07:32 ET

Nautilus Minerals Announces Financial Results for Q2 2013

TORONTO, ONTARIO--(Marketwired - Aug. 12, 2013) - Nautilus Minerals Inc. (TSX:NUS) (OTCQX:NUSMF) (the "Company" or "Nautilus") announces the release of its unaudited consolidated Financial Statements for the second quarter ended June 30, 2013, together with Management's Discussion and Analysis.

Q2 2013 Significant Events:

  • Successfully closed rights offering for gross proceeds of C$40 million
  • US$64.5million in cash and cash equivalents as at June 30, 2013
  • Discussions continued with representatives of the State of PNG with a view to achieving an amicable resolution of the dispute

"We are very pleased to have raised C$40 million through the recent rights offering in the current market conditions and appreciate the high level of support for the Company from our existing shareholders," said Nautilus' interim CEO, Mike Johnston. The net proceeds from the offering will be used by the Company to continue funding its three key contracts related to the Seafloor Production System."

For further details please refer to the below release

The Financial Statements and Management's Discussion and Analysis have been filed on and are also available on the Company's website

About Nautilus Minerals Inc.

Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has also been granted its environmental permit for this site.

Nautilus also holds approximately 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 stock exchange and OTCQX:NUSMF. Its corporate office is in Brisbane, Australia. Its major shareholders include MB Holding, an Oman based group with interests in mining, oil & gas, which holds a 28.00% interest, Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 20.75% holding and global mining group Anglo American, which holds a 5.95% interest.

Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.

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