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:
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