Nautilus Minerals Continues Discussion with State of PNG
Nautilus Minerals Inc. announces the release of its unaudited consolidated Financial Statements for the second quarter ended June 30, 2013, together with Management’s Discussion and Analysis.
Q2 2013 Significant Events:
- Successfully closed rights offering for gross proceeds of C$40 million
- US$64.5million in cash and cash equivalents as at June 30, 2013
- Discussions continued with representatives of the State of PNG with a view to achieving an amicable resolution of the dispute
“We are very pleased to have raised C$40 million through the recent rights offering in the current market conditions and appreciate the high level of support for the Company from our existing shareholders,” said Nautilus’ interim CEO, Mike Johnston. “The net proceeds from the offering will be used by the Company to continue funding its three key contracts related to the Seafloor Production System.”
Press Release, August 12, 2013
