Nautilus Issues Options and Loan Shares
September 06 2011 - 7:20AM
UK Regulatory
TIDMNUS
Nautilus Issues Options and Loan Shares
FOR: NAUTILUS MINERALS INC.
TSX, AIM SYMBOL: NUS
September 6, 2011
Nautilus Issues Options and Loan Shares
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2011) - Nautilus Minerals Inc. (TSX:NUS)(AIM:NUS) has
granted 900,000 options and issued 200,000 loan shares to non-executive directors as their full remuneration
for 2011.
The options and loan shares were granted under the Company's Stock Option Plan and Share Loan Plan which were
approved by shareholders and limit the total number of shares under the two plans to a combined maximum of 10%
of the Company's issued capital.
The details regarding the options granted under the Stock Option Plan are as follows:
/T/
No. of Exercise
Name Options Price Vesting Period Expiry Date
Geoffrey Loudon 300,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
David De Witt 200,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
Cynthia Thomas 200,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
Matthew Hammond 200,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
Total options
granted 900,000
/T/
The details regarding the loan shares issued under the Share Loan Plan are as follows:
/T/
No. of Loan Loan Expiry
Name Shares Issue Price Vesting Period Date
Russell Debney 200,000 C$2.91 20% every six months
commencing March 2, September 2,
2012 2014
Total loan
shares issued 200,000
/T/
About Nautilus Minerals Inc.
Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits
and is currently developing its first development project at Solwara 1, in the territorial waters of Papua New
Guinea, where the company is aiming to produce gold, copper and silver. The company has been granted all
necessary environmental and mining permits.
Nautilus is intending to commence operations at the Solwara 1 deposit, where it has defined an NI 43-101
resource as follows:
/T/
=- Indicated Mineral Resource: 870 kt @ 6.8% Cu, 4.8 g/t Au, 23 g/t Ag,
0.4% Zn.
=- Inferred Mineral Resource: 1,300 kt @ 7.5% Cu, 7.2 g/t Au, 37 g/t Ag,
0.8% Zn.
/T/
The news release dated December 20, 2007 regarding the resource estimate is available at
http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=278419
The company also holds approximately 600,000 square kilometers of highly prospective exploration acreage in the
western Pacific, in PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in
the eastern Pacific.
A Canadian registered company, Nautilus is listed on the TSX and AIM stock exchanges and has its corporate
office in Brisbane, Australia. Its major shareholders include Metalloinvest, the largest commercial iron ore
producer in Europe and the CIS, which has a 21% holding, and global mining group Anglo American, which holds an
11.1% interest.
Certain of the statements made in this news release may contain forward-looking statements within the meaning
of the United States Securities Exchange Act of 1934 and forward-looking information within the meaning of
applicable Canadian securities law. Forward-looking statements and forward-looking information include, but are
not limited to statements or information with respect to the commencement of production at Solwara 1. We have
made numerous assumptions about the material forward-looking statements and information contained herein,
including among other things, that the approved project budget is an accurate estimate of the funding necessary
to take the project into production, the Company's continued compliance with regulatory requirements, a
continued productive relationship with the government of PNG and the good faith performance of the obligations
of counterparties pursuant to contracts with the Company. Even though our management believes that the
assumptions made and the expectations represented by such statements or information are reasonable, there can
be no assurance that the forward-looking statement or information will prove to be accurate. Forward-looking
statements and information by their nature involve known and unknown risks, uncertainties and other factors
which may cause the actual results to be materially different from any future results expressed or implied by
such forward-looking statements or information. Such risks, uncertainties and other factors include, among
others, the risk that the project budget is not an accurate estimate of funding required, the private placement
is not successfully concluded by some or all parties or that Petromin does not make its contribution. Should
one or more of these risks, uncertainties or other factors materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described in forward-looking statements and
information. Although we have attempted to identify factors that would cause actual results to differ
materially from those described in forward-looking statements and information, there may be other factors that
cause actual results, performances, achievements or events to not be as anticipated, estimated or intended.
Also, many of the factors are beyond our control. There can be no assurance that forward-looking statements or
information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly you should not place undue reliance on forward-looking statements
or information. Except as required by law, we do not expect to update forward-looking statements and
information as conditions change and you are referred to the full discussion of Nautilus's business contained
in Nautilus's reports filed with the securities regulatory authorities in Canada.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Nautilus Minerals Inc. (Toronto)
Investor Relations
+1 (416) 551 1100
investor@nautilusminerals.com
www.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
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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