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.