Nautilus Minerals Inc.

Nautilus Minerals Inc. advises that today a plan of compromise and arrangement among certain of the Company's subsidiaries and their unsecured creditors was approved by the requisite majority of the Affected Creditors at a meeting of such creditors held for the purposes of voting on the Plan at the Vancouver, British Columbia offices of PricewaterhouseCoopers Inc. . The Plan was unanimously approved by the voting [...]

Nautilus Minerals Inc. advises that today the Company and substantially all of its direct and indirect subsidiaries, obtained an order of the Supreme Court of BC in proceedings under the Companies' Creditors Arrangement Act authorizing: the Company to enter into an acquisition agreement with Deep Sea Mining Finance Ltd. pursuant to which DSMF will acquire certain subsidiaries of the Company and certain intercompany [...]

Nautilus Minerals Inc. announces that, effective March 29, 2019, four of Nautilus’ five directors have resigned. Mr. John McCoach has also resigned as the Company’s Chief Executive Officer. Mr. Tariq Al Barwani remains a director of Nautilus and has appointed the Company’s CFO, Mr. Glenn Withers, as Managing Director of Nautilus. As previously disclosed on March 28, 2019, the Company will be [...]

Nautilus Minerals Inc. announces that Toronto Stock Exchange has advised the Company that the common shares of Nautilus will be delisted from TSX effective at the close of market on April 3, 2019. Nautilus appealed the initial decision by TSX to delist the Company’s common shares; however, the Company’s appeal was unsuccessful. The Company’s common shares will continue to be suspended from trading [...]

Nautilus Minerals Inc. announces that it has obtained an order of the Supreme Court of British Columbia providing the Company protection from its creditors pursuant to the Companies’ Creditors Arrangement Act so as to enable Nautilus to restructure its business and financial affairs. Shortly prior to the Company’s application for protection under the CCAA, the Company received a loan from Deep Sea Mining [...]

Nautilus Minerals Inc. and Deep Sea Mining Finance Ltd. have agreed to extend the maturity date of the existing secured loan facility which is currently due on February 8, 2019, for 28 days ending on March 8, 2019. The Company continues to seek short and long term funding solutions while assessing its options, including various restructuring options. Negotiations with various third parties continue. There can be no [...]

Nautilus Minerals Inc. announces that the Company has received a loan from Deep Sea Mining Finance Ltd. in the principal amount of US$500,000 under the previously announced loan agreement, as amended , between the Company, two of its subsidiaries and the Lender which provides for a secured structured credit facility of up to US$34 million. Pursuant to the Loan Agreement, the Company has issued to the Lender an [...]

Nautilus Minerals Inc. provides the following corporate update. Further to the Company’s news release dated January 8, 2019, Nautilus has not yet received the US$5 million loan. Nautilus is however pleased to announce that Deep Sea Mining Finance has agreed to loan the Company US$500,000 to meet our short term funding obligations. This funding will also allow Nautilus to assess its options, including various [...]

Nautilus Minerals Inc. provides the following corporate update. Nautilus and Deep Sea Mining Finance Ltd. have agreed to extend the maturity date of the existing secured loan facility, which is currently due on January 8, 2019, for 30 days ending on February 8, 2019. Nautilus is currently in discussions with an arm’s length party to secure a US$5 million loan . Nautilus must receive the Loan, or another source [...]

Nautilus Minerals Inc. announces that the Company has received a loan from Deep Sea Mining Finance Ltd. in the principal amount of US$455,000 under the previously announced loan agreement between the Company, two of its subsidiaries and the Lender which provides for a secured structured credit facility of up to US$34 million. Pursuant to the Loan Agreement, the Company has issued to the Lender an additional 1,954,467 [...]