RNS Share Options6 Sep 2011 15:21
Tuesday 06 September, 2011
Nautilus
Nautilus Issues Options and Loan Shares
FOR: NAUTILUS MINERALS INC.
TSX, AIM SYMBOL: NUS
September 6, 2011
Nautilus Issues Options and Loan Shares
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2011) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) has
granted 900,000 options and issued 200,000 loan shares to non-executive directors as their full remuneration
for 2011.
The options and loan shares were granted under the Company's Stock Option Plan and Share Loan Plan which were
approved by shareholders and limit the total number of shares under the two plans to a combined maximum of 10%
of the Company's issued capital.
The details regarding the options granted under the Stock Option Plan are as follows:
/T/
No. of Exercise
Name Options Price Vesting Period Expiry Date
Geoffrey Loudon 300,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
David De Witt 200,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
Cynthia Thomas 200,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
Matthew Hammond 200,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
Total options
granted 900,000
/T/
The details regarding the loan shares issued under the Share Loan Plan are as follows:
/T/
No. of Loan Loan Expiry
Name Shares Issue Price Vesting Period Date
Russell Debney 200,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
Total loan
shares issued 200,000
/T/
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits
and is currently developing its first development project at Solwara 1, in the territorial waters of Papua New
Guinea, where the company is aiming to produce gold, copper and silver. The company has been granted all
necessary environmental and mining permits.
Nautilus is intending to commence operations at the Solwara 1 deposit, where it has defined an NI 43-101
resource as follows:
/T/
-- Indicated Mineral Resource: 870 kt @ 6.8% Cu, 4.8 g/t Au, 23 g/t