Nautilus Withdraws Capital Raising
June 10 2011 - 8:45AM
UK Regulatory
TIDMNUS
Nautilus Withdraws Capital Raising
FOR: NAUTILUS MINERALS INC.
TSX, AIM SYMBOL: NUS
June 10, 2011
Nautilus Withdraws Capital Raising
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2011) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
As a result of weak financial market conditions, Nautilus Minerals (TSX:NUS)(AIM:NUS) has decided to withdraw
its proposed capital raising.
Despite a positive response from investors during marketing of the proposed transaction over the past two
weeks, adverse market conditions had meant that it was not in the interests of shareholders for the transaction
to proceed.
Chief Executive Steve Rogers said Nautilus had a cash balance of $139 million at March 31, and no debt.
"While it is disappointing to withdraw the capital raising, we did not believe shareholders would be best
served by issuing stock in the current market conditions. We have a strong cash position and a range of
alternative options available to access capital in the future.
"Nautilus continues to advance its first project at Solwara 1 in the Bismarck Sea of Papua New Guinea," he
said.
Nautilus will be releasing its first quarter financial results early next week.
About Nautilus Minerals Inc.
Nautilus is the first company to commercially explore the ocean floor for polymetallic seafloor massive
sulphide deposits and is currently developing its first project at Solwara 1, in the territorial waters of
Papua New Guinea in the western Pacific Ocean. Nautilus is listed on the TSX and AIM stock exchanges, and has
among its largest shareholders two of the world's leading international resource companies Anglo American
(11.1%) and Teck Resources (6.8%), as well as Metalloinvest, one of the largest and fastest growing mining and
metallurgical holding companies in Russia, which beneficially owns 21.0% of the Company's issued shares through
Gazmetall Holding (Cyprus) Limited.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Nautilus Minerals Inc.
Investor Relations
+1 (416) 551 1100
investor@nautilusminerals.com
OR
Nautilus Minerals Inc.
Joe Dowling
Vice President Investor Relations and Communications
+61 (7) 3318 5544 or Cell: +61 431 365 741
jjd@nautilusminerals.com
www.nautilusminerals.com
OR
Numis Securities Limited
John Harrison
Nominated Adviser
+ 44(0) 20 7260 1000
OR
Numis Securities Limited
James Black
Corporate Broking
+ 44(0) 20 7260 1000
Neither the TSX nor the London Stock Exchange accepts responsibility for the adequacy or accuracy of this press
release.
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