Nautilus raises $2M

SEAFLOOR exploration company Nautilus Minerals has done a private placement of more than 16 million shares at an issue price of $C0.161 (K0.37) per share for total proceeds to the company of $US2 million.

  • Staff Reporter
  • 24 February 2017
  • 06:38
  • News
Nautilus raises $2M

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Nautilus is exploring the seafloor for massive sulphide systems, a potential source of high grade copper, gold, zinc and silver at the Solwara 1 project off the coast of New Ireland Province.
 
Nautilus said the placement was with Mawarid Offshore Mining and Metalloinvest and would be allocated equally between the two investors.
 
 
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