Nautilus Minerals Inc.
AIM : NUS
TSX : NUS

Nautilus Minerals Inc.

November 14, 2008 08:35 ET

Nautilus Minerals Inc.: Completion of Anglo American Transaction

TORONTO, ONTARIO--(Marketwire - Nov. 14, 2008) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) (the "Company" or "Nautilus") is pleased to announce that further to its announcement on November 5, 2008 regarding Anglo American increasing its shareholding in the Company from 5.7% to 11.1% by acquiring 5,177,066 shares at C$1.33 (US$1.13)(i) and 3,756,636 shares at C$1.46 (US$1.24)(i) pursuant to an anti-dilution right granted to it, that the subscription has now been completed. Total funds received were approximately C$12.4 million (US$10.5 million)(i). Nautilus is pleased to confirm it has made application for 8,933,702 common shares to be admitted to AIM and TSX. The shares are expected to be admitted to trading on November 19, 2008.

(i)Exchange rates used herein: C$1.00:US$0.8468

About Nautilus Minerals Inc.

Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and subject to timely permitting is positioning itself to become an emerging producer in 2010. 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 on AIM, and has among its largest shareholders two of the world's leading international resource companies, Teck (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 (Cypress) Limited.

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
    (416) 551-1100
    Email: investor@nautilusminerals.com
    Website: www.nautilusminerals.com
    or
    Nautilus Minerals Inc.
    Australian Project Office
    +61 (7) 3318 5555
    or
    Numis Securities Limited
    John Harrison
    Nominated Adviser
    + 44(0) 20 7260 1000
    or
    Numis Securities Limited
    James Black
    Corporate Broking
    + 44(0) 20 7260 1000