Nautilus Minerals Inc.

Nautilus Minerals Inc.

November 14, 2012 07:31 ET

Nautilus Minerals Announces Financial Results for Q3 2012

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2012) - 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 and are also available on the Company's website


For more information please refer to

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.

Contact Information

  • Nautilus Minerals Inc. (Toronto)
    Investor Relations
    +1 (416) 551 1100

    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