Loews Corporation Trades Shares Of Nautilus Mineral Inc.

Date : 05/06/2016 @ 3:30PM
Source : PR Newswire (Canada)
Stock : Nautilus Minerals Inc. (NUS)
Quote : 0.225  -0.005 (-2.17%) @ 2:59PM
Nautilus Minerals Inc. share price Chart

Loews Corporation Trades Shares Of Nautilus Mineral Inc.

Nautilus Minerals Inc. (TSX:NUS)
Historical Stock Chart

2 Years : From Apr 2016 to Apr 2018

Click Here for more Nautilus Minerals Inc. Charts.

NEW YORK, May 6, 2016 /CNW/ -- Loews Corporation (NYSE: L) announced that on April 8, 2016 it acquired 34,972,795 common shares of Nautilus Mineral Inc. ("Nautilus") (TSX: NUS, OTCQX: NUSMF) in a rights offering at a price of CAD$0.15 per share, for an aggregate purchase price of CAD$5,245,919.25. The shares acquired in the rights offering represented approximately 5.52% of the issued and outstanding common shares of Nautilus and increased Loews's participation in the share capital of Nautilus to approximately 10.01%. Subsequently, Loews disposed of ownership and control of a number of common shares of Nautilus such that its participation in the share capital of Nautilus has been reduced below 10%.  The shares were disposed of through the facilities of the Toronto Stock Exchange.

The foregoing transactions in common shares of Nautilus by Loews Corporation were made for investment purposes only, and Loews Corporation may from time to time acquire or dispose ownership of, or control or direction over, additional securities of Nautilus for investment purposes.

This news release is being issued under the early warning provisions of Canadian provincial securities legislation. Loews Corporation has filed an early warning report in respect of the disposition and acquisition of the shares on SEDAR under Nautilus's company profile.

About Loews Corporation

Loews Corporation is a diversified company with three publicly-traded subsidiaries: CNA Financial Corporation (NYSE: CNA), Diamond Offshore Drilling, Inc. (NYSE: DO) and Boardwalk Pipeline Partners, LP (NYSE: BWP); and one wholly owned subsidiary, Loews Hotels & Resorts. For more information please visit www.loews.com.

SOURCE Loews Corporation

Copyright 2016 Canada NewsWire

Latest TSX:NUS Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Ivanhoe Mi..
Canadian D..
Xumanii In..
Euro vs Ca..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V:ca D:20180423 09:43:33