The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Nautilus Minerals Update

Thursday, October 24, 2013

Nautilus Minerals Update

08:31 EDT Thursday, October 24, 2013

TORONTO, ONTARIO--(Marketwired - Oct. 24, 2013) - Nautilus Minerals Inc. (TSX:NUS) (OTCQX:NUSMF) (the "Company" or "Nautilus") announces that the Independent State of Papua New Guinea (the "State") has not yet completed the purchase of its 30% interest in the Solwara 1 Project. The Company is in discussions with senior officials of the State and it remains Nautilus' preference to resolve these matters amicably with the State.

Links

http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=606405&_Type=News-Releases&_Title=Nautilus-Minerals-Awarded-Favourable-Arbitration-Decision

Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.

About Nautilus Minerals Inc.

Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has also been granted its environmental permit for this site. Nautilus also holds approximately 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 stock exchange and OTCQX:NUSMF. Its corporate office is in Brisbane, Australia. Its major shareholders include MB Holding Company LLC, an Oman based group with interests in mining, oil & gas, which holds a 28.00% interest, Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 20.75% holding and global mining group Anglo American, which holds a 5.95% interest.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Nautilus Minerals Inc. (Toronto)
Investor Relations
+1 (416) 551 1100
investor@nautilusminerals.com
www.nautilusminerals.com


Cowen and Company
Principal American Liaison
599 Lexington Avenue
New York, NY 10022
otcqxrequest@cowen.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections