Nautilus seals C$33.41 million stock sale with C$18.57 million tranche

Shares sold in two tranches at C$0.90 apiece, an 18.18% discount

By Devika Patel

Knoxville, Tenn., Sept. 11- Nautilus Minerals Inc. said it took in C$18.57 million in the second and final tranche of a C$33.41 million private placement of stock. The deal priced for C$33.93 million on Aug. 1 and raised C$14.84 million on Aug. 3.

The company sold a total of 37,117,568 common shares at C$0.90 per share. The price per share is an 18.18% discount to the July 31 closing share price of C$1.10.

Nautilus sold 16,485,186 shares in the first tranche and 20,632,382 shares in the second.

Vancouver, B.C.-based Nautilus explores the ocean floor for gold-copper-zinc-silver seafloor massive sulphide deposits.

Issuer:	Nautilus Minerals Inc.
Issue:	Common shares
Amount:	C$33,405,811
Shares:	37,117,568
Price:	C$0.90
Warrants:	No
Pricing date:	Aug. 1
Settlement date:	Aug. 3 (for C$14,836,667), Sept. 11 (for C$18,569,144)
Stock symbol:	Toronto: NUS
Stock price:	C$1.10 at close July 31
Market capitalization:	C$220.02 million

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