Nautilus Minerals Inc.
TSX : NUS
OTCQX : NUSMF
AIM : NUS

Nautilus Minerals Inc.

October 02, 2012 07:24 ET

Nautilus Minerals Issues Options and Loan Shares

TORONTO, ONTARIO--(Marketwire - Oct. 2, 2012) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS)(OTCQX:NUSMF) ("Nautilus" or "Company") has granted 900,000 options and issued 200,000 loan shares to its non-executive directors as their full remuneration for 2012.

The options and loan shares were granted under the Company's Stock Option Plan and Share Loan Plan which were approved by shareholders in July, 2011, and which limit the total number of shares under the two plans to a combined maximum of 10% of the Company's issued capital. The two plans are described in the Company's Information Circular filed on SEDAR on June 29, 2011.

The details regarding the options granted under the Stock Option Plan are as follows:

Name No. of
Options
Exercise
Price
Vesting Period Expiry
Date
A. Geoffrey
Loudon
300,000 C$0.91 20% commencing on April 2, 2013 and 20% every six months thereafter October 2, 2015
Mohammed
Ali Al
Barwani
200,000 C$0.91 20% commencing on April 2, 2013 and 20% every six months thereafter October 2, 2015
Cynthia
Thomas
200,000 C$0.91 20% commencing on April 2, 2013 and 20% every six months thereafter October 2, 2015
Matthew
Hammond
200,000 C$0.91 20% commencing on April 2, 2013 and 20% every six months thereafter October 2, 2015
Total
options
granted
900,000

The details regarding the loan shares issued under the Share Loan Plan are as follows:

Name No. of
Loan
Shares
Issue
Price
Vesting Period Loan
Expiry
Date
Russell
Debney
200,000 C$0.91 20% commencing on April 2, 2013 and 20% every six months thereafter October 2, 2015
Total
loan
shares
issued
200,000

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 km2of 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
    investor@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
    Direct: +1 212 372 5766