Nautilus delivers US$2 Million Financing Notice for March 2017

February 21, 2017

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TORONTO, ONTARIO–(Marketwired – Feb. 21, 2017) – Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(OTC:NUSMF Nasdaq Intl Designation) (the “Company” or “Nautilus”) announces that, pursuant to its subscription agreement with Mawarid Offshore Mining Ltd. and Metalloinvest Holding (Cyprus) Limited (together, the “Investors”) dated August 21, 2016, as amended (the “Subscription Agreement”), the Company has delivered a financing notice dated February 17, 2017 (the “Financing Notice”) to the Investors in respect of a private placement of an aggregate of 16,221,118 common shares of the Company at an issue price of C$0.161 per share for aggregate proceeds to the Company of US$2,000,000. The private placement will be allocated equally between the two Investors.

Category: General