NUS9 Sep 2011 08:01
Nautilus Closes C$70.5 million First Tranche of Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2011) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) has received gross proceeds of C$70.5 million from the issue of the first tranche of shares forming part of the recently announced private placement.
A total of 27,987,853 shares were issued today in the first tranche at an issue price of C$2.52 per share.
The shares formed part of a total capital raising of C$98.1 million, before expenses, involving the issue of approximately 39 million shares. The remaining shares (approximately 11 million) are to be issued on October 6, 2011.
Application has been made to the AIM Market of the London Stock Exchange for the first tranche of 27,987,853 shares to be admitted to trading on September 9, 2011. The shares also will be listed for trading on the Toronto Stock Exchange.