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Nautilus completes $2-million private placement

7th August 2017

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

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JOHANNESBURG (miningweekly.com) – TSX-listed Nautilus Minerals has closed its $2-million private placement under a subscription agreement with Mawarid Offshore Mining and Metalloinvest.

The company issued an aggregate of 11.76-million common shares at an issue price of C$0.21 a share.

The private placement was allocated equally between the two investors.

The private placement forms part of the up to $20-million financing approved by the company's shareholders in October.

Edited by Creamer Media Reporter

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